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Wrapped Ethereum (WETH)

Wrapped cryptocurreny tokens are cryptocurrencies pegged to the value of another original cryptocurrency in order to work on networks to which they are not native. The original asset is ‘wrapped’ into a digital vault, and a newly minted token is created to transact natively on other platforms.

WETH is a wrapped version of Ethereum.

Wrapped Ethereum (WETH) is typically used to buy and sell with auctions on OpenSea. WETH is a currency that allows users to make pre-authorized bids that can be fulfilled at a later date without any further action from the bidder. ETH and WETH are worth exactly the same amount and can be exchanged directly on an OpenSea profile.

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