Manny Pacquiao Turns to Shiba Inu to Help His Foundation

Filipino boxing legend Manny Pacquiao has announced that his charitable foundation will use meme token Shiba Inu’s network for fundraising. 

In a Wednesday announcement, the world-champion-turned-politician said that the Manny Pacquiao Foundation would implement Shiba Inu’s Layer 2 blockchain Shibarium into the foundation’s operations. 

The Manny Pacquiao Foundation is a non-profit run by the former fighter. 

Shibarium is a layer-2 network backed by SHIB tokens which runs on Ethereum. Launched in August, the idea is that the network will make it quicker and cheaper to build and transact on Ethereum, much like layer-2 networks that have come before it, such as Arbitrum and Optimism.

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