What is the wrapped BTC portal?

Could you kindly elaborate on the concept of "wrapped BTC portal" for me? I'm trying to grasp its essence and purpose within the cryptocurrency landscape. Is it a specific platform or service that facilitates the wrapping of Bitcoin? And if so, how does it work? Also, could you explain the significance of wrapping Bitcoin and what benefits it brings to investors and traders? I'm quite interested in understanding the technicalities behind this concept as well as its potential impact on the broader crypto ecosystem. Thank you for your assistance in clarifying this matter for me.