: A highly volatile cryptocurrency asset traded across decentralized exchanges.

Purchasing a $1.99 ringtone via a WAP portal was the direct predecessor to modern in-app purchases.

WAP was launched in 1999 with grand ambitions: bring the full internet to feature phones. In practice, WAP 1.0 was a nightmare. It used WML (Wireless Markup Language), not HTML. Connections required a “circuit-switched” dial-up call to your carrier. Speeds? 9.6 kbps – slower than a 1994 landline modem. Yet, by 2004, over 300 million WAP-enabled phones existed.

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