The cryptocurrency space just became a little bit more interconnected after developers created a cross-chain bridge between the Ethereum and Tezos blockchains. Following the launch of the Wrap Protocol, created by Bender Labs, Ethereum-based ERC-20 and ERC-721 tokens can be made Tezos-compatible, allowing Ether (ETH) holders to interact with the Tezos ecosystem.
Token wrapping has become a common way of connecting the users of disparate blockchain platforms and is perhaps best exemplified by Wrapped Bitcoin (WBTC), which is an ERC-20 version of Bitcoin (BTC) running on Ethereum.