What is wrapped IoTeX?

Could you please explain what exactly is meant by the term "wrapped IoTeX"? Is it a specific type of cryptocurrency or a token? How does it differ from other cryptocurrencies in the market? And what are the potential benefits or use cases of wrapped IoTeX for investors and businesses alike? Additionally, how does the process of wrapping IoTeX work, and what are the steps involved? I'm interested in understanding the intricacies of this concept and how it fits into the broader cryptocurrency and blockchain ecosystem.