Heres the translation in English, preserving the HTML format:
```html
Wrapped tokens are pegged to the value of the original tokens, that is, you convert a Kitty into an ERC-20 token that can be traded on an exchange. The supplied tokens are all backed by Kitties on a 1:1 basis. Wrapped Virgin Gen 0 (WVG0) is an ERC20 token that is 1:1 backed by the original CryptoKitties ERC721 Generation 0.
```
