- Shiba Inu’s second donation to MPF highlights blockchain’s potential in philanthropy.
- Shibarium blockchain integration enhances MPF’s donation transparency and accountability.
- Shiba Inu supports the Shib Karma Foundation’s mental health programs in underserved areas.
The Shiba Inu (SHIB) has made a huge advancement towards changing the face of philanthropy through its current contribution to the Manny Pacquiao Foundation (MPF) and the Shib Karma Foundation. This is the second significant contribution to MPF after a similar contribution was made at the beginning of 2024. The initiative shows Shiba Inu’s ability and willingness to leverage cryptocurrency and blockchain for social causes and charitable donations.
A Partnership for Change
Although the Shiba Inu and MPF partnership could appear unusual, it makes perfect sense, given the current situation. Shiba Inu and MPF, founded by boxing legend Manny Pacquiao, share a common goal. The overall mission is to create a sustainable positive change in the lives of vulnerable populations. This partnership shows how blockchain can advance philanthropy by increasing the integrity of donations.
MPF started to include Shiba Inu’s Shibarium blockchain in its functions in November 2023. Shibarium is a Layer-2 roll-up solution built to increase the network’s throughput while maintaining complete on-chain visibility. Due to Shibarium, MPF will be able to follow every donation and ensure that the funds are being spent properly. This integration is a change from conventional donation systems to newer and more secure systems based on blockchain technology that provide improved donor loyalty.
MPF’s Enhanced Transparency
The Manny Pacquiao Foundation, founded in 2019, reflects Pacquiao’s dedication to charity. With the implementation of Shibarium, MPF can now present the direct results of its efforts to the public and its donors so they can see where their funds are going.
Jon Sisson, Executive Director of MPF, expressed gratitude for Shiba Inu’s generosity, stating:
“We are amazed by the generosity of Team Shib and their community. We look forward to helping so many people through this long-term partnership.”
Shib Karma’s Programs
Besides MPF, other decentralized autonomous organizations exist, such as the Shib Karma Foundation. Shib Karma is one of the organizations that have benefited from the “Non-Profit Tech” created by Shiba Inu. This website enables donors to monitor their giving and ensures the donated resources are channeled to the right courses.
The Shib Karma Foundation is involved mainly with mental health programs in remote regions where people lack funds and understanding of the disease. Their programs include telephone support and empower local people to become counselors. Shiba Inu’s latest donation will go a long way in enhancing these projects.
Shiba Inu Takes a Giant Leap with Chainlink Cross-Chain TechWith these projects, Shiba Inu also highlights that cryptocurrency is not only for profit-making. Shiba Inu thereby provides a new approach to integrating technology into philanthropy by ensuring more effective and measurable outcomes for charitable efforts. By leveraging blockchain technology, the platform has the potential to transform global philanthropy, making it more transparent and impactful.
