DENDERMONDE, Belgium, Feb. 10, 2021 /PRNewswire/ — 3D Aim Trainer, founded in July 2019, just announced a new investment round of 1 million euros after an impressive 1st year. As the name suggests, the company’s main purpose is to help FPS gamers improve their aim. With a very strong team, world-class investors, and an impressive user base of nearly 700,000 monthly active players, the company is perfectly positioned to become the reference for shooter players and esports athletes worldwide.
Since the official start in July 2019, 3D Aim Trainer has been able to show impressive growth. They’ve grown the monthly active user base from 125k to nearly 700k in little more than 1 year, while the engagement per player on the platform tripled. During that same period, the team developed and successfully launched a mobile application for both Android and iOS with more than 1 million downloads already and a 4.5 out of 5 stars user rating. Additionally, they have grown the team from the original three founders to 17 FTEs, with more to come in the next months.
The investment will be used for three main purposes: expanding the team, bringing the product to other platforms, and making “aim training” fun. This last part is crucial according to CEO Miquel Matthys. “3D Aim Trainer’s mission is to inspire gamers to go next level. We are blessed with an incredible audience of hard-core gamers who are dedicated to improving their aim. But we want to support all gamers around the globe, regardless of their skill level, to get better at what they love doing. For certain users, this means more expert training exercises, challenging targets, and deeper insights into their performance. For others, this means more guidance, a step-by-step approach, and realistic goal setting, to keep motivation high and make aim training rewarding.”
The new investment round was led by Freshmen fund, which also participated in the initial angel round of 3D Aim Trainer back in July 2019. “We’ve been very impressed with the way the team has managed their audience growth while scaling the company and preparing the fundaments for future success,” says Steven Spittaels, managing partner at Freshmen. “We strongly believe in tools to improve athlete performance, and 3D Aim Trainer does exactly that on a global scale in one of the most exciting industries. So we are very happy to invest in their future trajectory.”
Next to Freshmen, the company was able to bring some impressive new investors on board. Ron Doornink, the former CEO/President of Activision and ex-chairman of Turtle Beach is one of them. “3D Aim Trainer masterfully addresses the desire of gamers to improve their skills. Gaming has changed. Esports is now generally recognized as a sport. And as with every competitive activity, people want to get better and outperform others. — Whether a beginner or a pro, 3D Aim Trainer does exactly that.”
Another key investor that participated is Jean-Bernard Moens who’s currently First VP of Gaming and Business at King, the company behind Candy Crush. As part of King’s management, his main focus is the performance of Kings’ games, the delivery of new games, and the continuous improvement of the company’s operations. Before joining King, Jean-Bernard was a co-founder of McKinsey Solutions.
About 3D Aim Trainer
3D Aim Trainer helps shooter players to reach their maximum potential by offering a training environment and exercises to help them practice their aim. The use of the platform is completely free. Gamers can make unlimited use of the training levels, training insights, and player benchmarks. This allows them to systematically improve their aim and monitor their progress. 3DAT supports all major competitive FPS games like Valorant, CS:GO, Rainbow 6, Apex Legends, and Overwatch, as well as Third Person Shooter games like Fortnite. The game is currently available on PC (www.3daimtrainer.com), Android and iOS.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
