Legendary boxer Manny Pacquiao has announced a new partnership between his philanthropic foundation and the popular meme coin Shiba Inu.
In a statement, Pacquiao expressed gratitude to the Shiba Inu community for their support of the Manny Pacquiao Foundation. “Thank you SHIB community for supporting the Manny Pacquiao Foundation. We are excited about this partnership. God bless!” he said.
The Manny Pacquiao Foundation, founded by the eight-division World Boxing Champion and former Philippine Senator, will begin utilizing Shiba Inu’s layer 2 blockchain Shibarium for fundraising and operations starting this week.
Shibarium developers confirmed to CoinDesk that the partnership will allow the nonprofit to scale up its charitable work globally. “The Pacquiao Foundation is dedicated to fighting for those in need around the world and has already done so for more than a million people requiring urgent assistance,” said Jon Sisson, Executive Director.
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By utilizing Shibarium, a high-speed, low-cost layer built on Ethereum, the Foundation aims to expand its reach and help millions more in need. The Pacquiao Foundation has been accepting SHIB donations since 2021.
This new collaboration exemplifies the growing convergence between crypto and mainstream institutions. With its massive community backing, Shiba Inu is poised to bolster the Pacquiao Foundation’s philanthropic initiatives across the globe.
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