The Crypto White Papers

In this episode of The Crypto White Papers, we break down the data-driven research behind the booming world of art NFTs — from digital art and generative PFPs to the emerging trend of phygital assets that blend the physical and digital worlds.

Based on a comprehensive study of 11 major NFT marketplaces, this episode explores:

• The difference between digital, PFP, and phygital art NFTs

• How NFT tech reshapes artist–buyer dynamics by ...

In this episode of The Crypto White Papers, we investigate one of the most pressing issues in the NFT ecosystem—rug pulls—through the lens of a large-scale security analysis covering nearly 50,000 NFT smart contracts. This deep dive into the paper “Exposing Hidden Backdoors in NFT Smart Contracts” unearths the systemic risks baked into the code of many Web3 projects.

🔍 What we cover:

• How malicious smart contract patterns like se...

In this episode of The Crypto White Papers, we break down the World Economic Forum’s 2025 report on Asset Tokenization in Financial Markets — a comprehensive look at how tokenized real-world assets (RWAs) are set to transform global finance.

From tokenized equities and real estate to regulated digital infrastructure, we explore the emerging frameworks, regulatory hurdles, and use cases defining the next era of capital markets.

You’ll...

In this episode of The Crypto White Papers, we dive deep into LazyLedger, a radical blockchain design that breaks away from traditional models by separating consensus from transaction validation. Created by Mustafa Al-Bassam, LazyLedger proposes a system where the blockchain focuses solely on data ordering and availability — leaving transaction execution entirely to the clients.

Discover how this model enables scalable, flexible app...

In this episode of The Crypto White Papers, we explore the original whitepaper that launched Compound, one of the foundational protocols of decentralized finance (DeFi). Compound introduced the concept of algorithmic money markets on Ethereum, enabling anyone to earn interest or borrow assets with no middlemen — just smart contracts.

We break down:

• How Compound eliminates the need for peer-to-peer loan matching

• The role of cTokens...

In this episode of The Crypto White Papers, we explore the technical and operational foundations that allow stablecoins to maintain price stability in the highly volatile world of cryptocurrencies. From fiat-backed models to decentralized algorithmic designs, we break down the mechanics that make stablecoins work.

You’ll discover:

• Key differences between centralized and decentralized stablecoins

• How collateralization, issuance, an...

En este episodio de The Crypto White Papers, exploramos los fundamentos técnicos y operativos que permiten que las stablecoins mantengan su valor estable en un ecosistema tan volátil como el de las criptomonedas. Desde las stablecoins respaldadas por fiat hasta los modelos algorítmicos y descentralizados, desglosamos las estructuras que realmente hacen que una stablecoin funcione.

Descubrirás:

• Diferencias clave entre stablecoins ...

En este episodio, exploramos el Whitepaper de FXN, un protocolo universal para la comunicación entre agentes de inteligencia artificial y el intercambio de recursos en redes distribuidas. FXN aborda desafíos clave como el descubrimiento de agentes, la comunicación segura y la colaboración escalable, permitiendo el uso compartido de APIs, flujos de datos y poder computacional. Analizamos su arquitectura innovadora, incluyendo el mar...

En este episodio, exploramos la plataforma de contratos inteligentes de Sui, un artículo de investigación que presenta una plataforma blockchain de próxima generación optimizada para la escalabilidad y la baja latencia. Desarrollada con un enfoque en el rendimiento, Sui aprovecha estructuras de datos novedosas y un nuevo modelo de ejecución para redefinir cómo se implementan y ejecutan los contratos inteligentes.

Hablaremos sobre el...

What if a stablecoin could actually balance decentralization, capital efficiency, and stability — without breaking under pressure? Meet JANUS, a Stablecoin 3.0 framework that breaks away from the Ponzi-like mechanics of earlier designs. Combining dual tokens, real-world asset (RWA) backing, a soft peg, and AI-driven stabilization, JANUS is redefining what it means to be resilient, adaptive, and truly decentralized.

In this episode, ...

In this episode, we dive deep into the evolving world of stablecoins through the lens of Stablecoins 2.0 — a research-driven framework that analyzes the economic risks, design structures, and governance models behind custodial and non-custodial stablecoins.

You’ll learn:

• The fundamental differences between reserve-backed, algorithmic, and hybrid stablecoins

• Why feedback loops and governance structures can make or break stability

• Ke...

In a world flooded with unregulated stablecoins, Societe Generale–FORGE introduces EUR CoinVertible (EURCV) — a fully collateralized, bank-grade euro stablecoin designed for institutional use. Built on Ethereum and compliant with the EU’s upcoming MiCA regulations, EURCV combines capital markets rigor with blockchain agility.

In this episode, we break down:

• Why EURCV could set a new standard for euro-denominated stablecoins

• How SG...

As stablecoins reshape the landscape of digital money, regulators face tough questions about risk, resilience, and the role of central banks. In this episode, we dive into the Bank for International Settlements' landmark analysis of stablecoins — their potential use cases, regulatory gaps, and the tension between innovation and oversight.

You’ll learn:

• Why stablecoins differ from traditional crypto-assets and e-money

• The syste...

What happens when a global financial institution enters the stablecoin arena? In this episode, we explore EUR CoinVertible (EURCV) — a fully collateralized, institution-grade euro stablecoin issued by Societe Generale–FORGE (SG-FORGE). Built on the Ethereum blockchain and backed by high-quality reserves, EURCV blends regulatory compliance with on-chain efficiency.

We break down:

• How EURCV is different from traditional fiat-backed...

What happens when a global financial institution enters the stablecoin arena? In this episode, we explore EUR CoinVertible (EURCV) — a fully collateralized, institution-grade euro stablecoin issued by Societe Generale–FORGE (SG-FORGE). Built on the Ethereum blockchain and backed by high-quality reserves, EURCV blends regulatory compliance with on-chain efficiency.

We break down:

• How EURCV is different from traditional fiat-backed...

In this episode, we explore GMO-Z.com Trust Company’s regulated approach to building fiat-backed stablecoins with global reach. From the U.S. dollar-pegged $ZUSD to the world's first regulated Japanese yen stablecoin $GYEN, these assets are designed to bridge the reliability of traditional finance with the power of blockchain.

We break down:

• The role of trust and solvency in centralized stablecoin issuance

• How ZUSD and GYEN fu...

In this episode, we unpack how PayPal USD (PYUSD) is redefining stablecoin standards by merging the trust of PayPal with the speed and scalability of the Solana blockchain. From seamless peer-to-peer payments to programmable business transactions, PYUSD is building the infrastructure for frictionless global finance.

Join us as we explore:

• What makes PYUSD different from other stablecoins

• How Solana’s high-speed, low-fee environmen...

Stablecoins aim to bring stability to the volatile world of crypto — but how do they actually work? In this episode, we break down the core mechanics behind modern stablecoin designs and examine how they strive to maintain consistent value in a decentralized economy.

We explore:

• The different types of pegs: fiat, commodity, index-based, and more

• Collateral strategies — from fully backed to algorithmic and uncollateralized models

• Ke...

In today’s episode, we explore the future of stablecoins through the lens of CroCoDai — a next-generation stablecoin designed to thrive across multiple blockchain platforms. As DeFi expands beyond the confines of single-chain ecosystems, CroCoDai emerges with a bold mission: to offer efficient, trust-minimized, and resilient cross-chain commerce.

We unpack:

• Why interoperability is the missing link in today's stablecoin landsc...