Tagged: loom network

Loom Network Team Finally Responds, Claims Project Isn’t Dead, but Acknowledges its Facing Financial Challenges Due to COVID-19

May 11, 2020 @ 2:56 pm By Omar Faridi |

The developers of the Loom Network, a platform-as-as-service blockchain initiative, seemed to have abandoned their project or become inactive. However, representatives from Loom reportedly told Cointelegraph that the project is not “dead,” as several social media users and community members had claimed. After CEO Matthew… Read More

Exit Scam? Blockchain Project Loom Network Appears to be “Dead,” Developers Abandon it After $45 Million ICO

May 10, 2020 @ 4:57 pm By Omar Faridi |

The Loom Network, a platform-as-as-service (PaaS) blockchain initiative, appears to have an extremely uncertain future. Based on investigations and comments from social media users, there’s no real proof of a live or active project being supported by the developers of the Loom Network. According to… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged exit scam, icos, loom network, south korea