So Pebbles is a company that was developing hands in a virtual space. Basically you can see your hands in the virtual world and interact with virtual objects.
Pebbles was bought by Facebook which I'm sure you all know owns Oculus.
Demo of Pebbles
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Lets face it. VR is 0yrs old, essentially this is the birth of it. It will take some time and a few years but things are definitely looking up.