Each co-founder holds different positions in the company, with Matthew Campbell serving as the CEO. Loom Network is the brainchild of three software developers – Matthew Campbell, James Martin Duffy, and Luke Zhang. These delegated nodes are often tasked with putting the network’s interests before theirs. Delegating: Users can also democratically elect validators if they want to create new blocks on the network by staking their LOOM tokens.LOOM holders get to vote on network proposals. Governance: Loom Network is fully decentralized, meaning the community determines its development journey. In return, the protocol rewards them with newly minted tokens when transactions are verified.
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