What is litentry lit?

Can you elaborate on what exactly 'litentry lit' refers to in the world of cryptocurrency and finance? Is it a new type of digital asset, a platform, or perhaps a specific service within the blockchain ecosystem? Understanding the nuances and terminology in this fast-paced industry can be daunting, so a clear and concise explanation would be greatly appreciated. Could you also discuss any potential implications or significance 'litentry lit' may have for investors, developers, or users of cryptocurrency and blockchain technology?