Crypto Education: Wrapped Tokens Explained | Animation | Cryptomatics

In this video, we will briefly explain what wrapped tokens are and how they work. We will also cover some of their pros and cons.

A wrapped token is a tokenized version of another cryptocurrency that natively lives on a different blockchain. It is pegged to the value of the “original” token. Wrapped tokens make it possible to move information between two blockchains. They can be traded like any other cryptocurrency.

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0:00 Intro
0:14 What Are Wrapped Tokens?
1:03 How Do Wrapped Tokens Work?
2:05 Pros of Wrapped Tokens
2:44 Cons of Wrapped Tokens
3:16 Conclusion
3:40 Outro


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