Loom Network is a multi-chain smart contract platform optimized for the development of decentralized applications (dApps). The protocol’s EVM-compatible mainnet, Basechain, is a delegated-proof-of-stake (DPoS) network that allows developers to build games and other dApps that can be accessed by users of all major blockchains. LOOM is the native token of the network used to secure the Basechain network through staking and pay for hosting dApps on Basechain.