Monday’s Tech Startup News: Binance, Northvolt, OpenView, Oyo, and Twitter Updates
The world of technology and startups is constantly evolving, and Monday’s news cycle was no exception. Here are some of the top stories from the day:
Binance Launches NFT Marketplace
Binance, one of the world’s largest cryptocurrency exchanges, announced the launch of its own non-fungible token (NFT) marketplace. The platform will allow users to buy, sell, and trade NFTs using Binance’s own cryptocurrency, Binance Coin (BNB). The move comes as the NFT market continues to grow in popularity, with some pieces selling for millions of dollars.
Northvolt Raises $2.75 Billion for Battery Production
Swedish battery manufacturer Northvolt announced that it has raised $2.75 billion in funding to expand its production capacity. The company aims to become Europe’s leading supplier of batteries for electric vehicles, and the new funding will help it build two new factories in Sweden and Germany.
OpenView Raises $1.5 Billion for Software Investments
Boston-based venture capital firm OpenView announced that it has raised $1.5 billion for its sixth fund, which will focus on investments in software companies. The firm has previously invested in companies such as Zoom, Datadog, and Expensify.
Oyo Plans to Raise $1.2 Billion in IPO
Indian hospitality startup Oyo is reportedly planning to raise $1.2 billion in an initial public offering (IPO) later this year. The company, which operates a network of budget hotels and vacation rentals, has faced financial difficulties in recent years but is hoping to rebound with the IPO.
Twitter Tests New Features for Spaces
Social media giant Twitter is testing several new features for its audio chat platform Spaces, including the ability to schedule and promote upcoming events, as well as new ways to monetize the platform. The move comes as Twitter looks to compete with other audio-focused social media platforms such as Clubhouse and Discord.
Overall, Monday’s news cycle highlights the continued growth and innovation within the tech startup world. From cryptocurrency and battery production to venture capital and social media, there is no shortage of exciting developments to keep an eye on.
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