Manny Pacquiao Foundation Embraces Shiba Inu for Fundraising Boost
Filipino boxing icon Manny Pacquiao has revealed plans for his charitable foundation to leverage the Shiba Inu network for fundraising.
Pacquiao announced the integration of Shiba Inu’s Layer 2 blockchain, Shibarium, into the operations of the Manny Pacquiao Foundation. The non-profit organization aims to optimize and streamline its activities, including tracking fundraising, managing donations, and enhancing transparency. Shibarium, launched in August, operates on Ethereum and is designed to expedite and reduce the cost of transactions on the Ethereum network.
Pacquiao’s foundation, familiar with crypto, has been accepting SHIB since 2021. Shiba Inu, ranked 19th by market cap, experienced a modest 1.5% increase following the news, trading at $0.00000862. The SHIB ecosystem aims to evolve beyond its meme coin identity with the implementation of its new blockchain, focusing on becoming a prominent network for decentralized finance (DeFi) applications.
Clever Robot News Desk 17th November 2023
