With the changes in the financial landscape, crypto fundraising has emerged as the developing trend for raising money. In a November 15 update, the Manny Pacquiao Foundation, a not-for-profit organization owned by the prominent boxer in the Philippines, Manny Pacquiao, has launched a crypto fundraising project.
The report revealed that the Manny Pacquiao Foundation will start receiving crypto donations in Shiba Inu tokens. This donation will play a critical role in upholding the lives of vulnerable communities by giving hope.
Manny Pacquiao Foundation Partners with Shibarium
Also, the Manny Pacquiao Foundation will give the fighters another chance to double down their skills and professionalism. To attain the desired success, the Manny Pacquiao Foundation has agreed to integrate the Shibarium, a Shiba Inu Layer-2 network, on its platform.
The primary objective of the proposed integration was to reduce the cost and increase the transaction speed. The Shibarium network is built on the Ethereum network. With the latest development on the Ethereum network, the developers have focused on enhancing the scalability, sustainability, and security of the network.
The recent upgrade on the Ethereum layer-2 network has impacted the development of unique scaling networks such as Abritrum and Optimism. This development aims at reducing the transaction speed and reducing the Ethereum fees.
The desire to cope with the changes in the digital sector has compelled the Manny Pacquiao Foundation to pursue a Shibarium integration. In the report, the foundation confirmed that the Shibarium network will support the organization to optimize its operation.
Also, the Layer-2 solution on the Shibarium network will support the foundation to record everyday activities such as fund management, donations, and other fundraising initiatives.
Manny Pacquiao Foundation to Accept Shiba Inu Donations
The report demonstrated that the integration of Shibarium aimed at improving transparency and boosting financial integrity. Remarkably, the foundation has allowed the well-wishers to donate their crypto assets.
From 2021, the foundation has always supported Shiba Inu native token SHIB. Addressing the media, Jon Sisson, the executive director of the Manny Pacquiao Foundation, confirmed that the organization will remain at the forefront to support the vulnerable in the community.
Sisson confirmed that the partnership with Shibarium commences on November 22. Through the partnership agreement, Shibarium will support the Manny Pacquiao Foundation in optimizing its operation.
The executive stated that, at present, the foundation has attained remarkable achievements in upholding the quality of life for millions of people in need. He believes that integrating the Shibarium network will support the foundation to continue with the excellent work and optimize operations to help the vulnerable groups.
News concerning the integration of the Shibarium on the Manny Pacquiao Foundation has triggered the market performance of SHIB token to react positively to this development. According to CoinMarketCap, SHIB increased by 1.5% to trade at $0.00000862 within the last 24 hours.