What is wrapped data?

Wrapped data, hmm, quite an intriguing concept indeed. Could you elaborate on what exactly wrapped data refers to in the realm of cryptocurrency and finance? I'm curious to know how it differs from traditional data formats and what kind of applications it might have in this fast-paced industry. I've heard rumors about its potential to revolutionize certain aspects of blockchain technology, but I'd like to hear your thoughts on this matter. Could you please provide a concise yet informative description of wrapped data, perhaps highlighting its key features and potential benefits? I'm eager to learn more about this intriguing topic.