WETH vs. ETH: How Are They Different?

While browsing NFTs on an NFT marketplace, you might encounter the option of buying an NFT using WETH. What exactly is WETH and how is it different from ETH?

First, in order to understand WETH, we need to know what ETH is. Ether (symbol: ETH) is the Ethereum ecosystem’s native currency. It’s used when interacting with Ethereum and executing contracts on the platform.

WETH — aka Wrapped Ether — is a token pegged to ETH. It serves as a “container” that stores Ethereum and conforms to the ERC-20 standard.

In this article, we’ll be discussing what WETH is, how it compares with ETH, and the process of wrapping/unwrapping ETH.

Are ETH and WETH the Same?