Impact Maker | Bloom Network: Building a Decentralized Network for Grassroots Communities

Crypto Sapiens

In this episode join Host Jon Ruth and Guest Magenta Ceiba, co-founder of Bloom Network, who shares her journey into crypto and the origins of Bloom. Bloom is a decentralized network that connects grassroots communities and movements focused on social and environmental impact. The network aims to bridge the gap between local initiatives and collaborative projects, making it easier for individuals and organizations to discover and engage in community-building efforts. Magenta discusses the challenges faced by grassroots organizers and the need for sustainable financial models. She also highlights the importance of community organizing, healing, and skill-building in creating a more resilient and interconnected world. Bloom Network is launching a social network that financially incentivizes community members to join and contribute. They are starting with a $12,700 grant pool and individuals are rewarded with the cooperative patronage token for their participation. The local Bloom hubs also receive a portion of the flow tokens based on the participation of their community members. The grants pool is distributed based on the flow tokens earned by individuals and local hubs. Bloom Network is structured as a federated DAO and operates as a cooperative. They aim to create a decentralized global governance system based on consent and modern decision-making tools.

Project social: https://x.com/OurBloomNetwork

Magenta Social: https://x.com/magentaceiba