I will try to describe what this thread is about, in plain language. It may sound odd to those more used to technical language, and the attempt may fail. I only find out things by taking that kind of risk
People only discovered in the past 100 years how to quantize mathematical models of the world.
Quantizing a (deterministic, classical) model is a way of allowing indeterminacy into it, but in a highly regulated way that was discovered in 1926 and has become habitual (because of its impressive track-record). But people have been trying for something like 70 years and so far have not succeeded in quantizing GEOMETRY.
Geometry is the oldest classical deterministic model of reality going back to the greeks or earlier, it is clearly on the agenda to quantize.
In 1915 Einstein's big step forward ('general relativity'= 'GR') was to model gravity by geometry. The GR message is that "Gravity is geometry." The distribution of matter (and energy) shapes space and the shape of space, in turn, tells matter (and energy) where to flow.
To quantize geometry (successfully) would be to quantize gravity as well, because the gravitational field and the shape of space are the same. Indeed some (myself included) think that space and time have no absolute existence apart from the gravitational field.
Therefore quantizing geometry, and most particularly, quantizing general relativity, has got to be on the historical agenda---on the critical path of human growth.
Unless GR is wrong and should be thrown out and replaced by some other model of gravity----but it has a long history of success as a theory.
Or unless Quantum Mechanics and the time-honored proceedure for quantizing mathematical models is a faulty proceedure! Hard to picture that---again a long run of predictive successes.
People say things like "QM and GR are the two major theories of the 20th century, so far they seem to be incompatible and nobody has been able to merge them into one theory, we need to put GR and QM together."
Loop gravity and spin foam models occur in people's attempts to quantize general relativity. I will try to say why and how they emerge in that theory-building effort