Wagerr Eyes Faster Adoption with Wrapped Wagerr on Uniswap
Since its advent in 2014, the Ethereum blockchain has grown both in popularity and usability. More recently, the network has become the go-to blockchain for decentralized finance (DeFi) projects; thanks to significant adoption of the ERC20 token standard.
It therefore comes as no surprise that Wagerr has announced the launch of its wrapped token -WWGR on UniSwap. In simple terms, Wrapped Wagerr (WWGR) is Wagerr but on the Ethereum blockchain. What this means is that users will be able to move their Wagerr tokens between the Ethereum blockchain and the Wagerr blockchain through UniSwap decentralized exchange on a 1:1 ratio.
According to the Wagerr team, WWGR is a major milestone because any exchange with ETH can list Wrapped Wagerr. WWGR hopes to tap from the popularity and liquidity of Ethereum.
It's a big deal because Wagerr becomes much more tradable and discoverable, allowing new markets to discover WGR crypto and the Wagerr sports betting network.
Whilst making the announcement on its official news page, Wagerr noted that the new token will enjoy native integration with UniSwap and will be available to trade against Bitcoin, Ether, and Tether. Trading is expected to go live on October 20.
The concept of wrapped tokens is ushering in a new era of interoperability across blockchains (i.e. the ability to share data across different blockchain networks).