3D pen hits funding goal in one day

A stylus designed to be used as an input device in virtual environments reached its $100,000 Kickstarter funding goal in less than a day this week.

The Phree stylus from Tel Aviv-basedÂ OTM Technologies Ltd. can be used as a virtual pen that writes on any surface and could potentially be used as an input deviceÂ within virtual or augmented reality environments.

â€œWhen youâ€™re immersed in virtual reality, you canâ€™t see whatâ€™s around you,â€ OTM co-CEO Gilad Lederer said in an interview with Re/code. â€œWhen I hold this, I can do any action with it: Point and click, enter text, scribble, move it like a joystick.â€

It communicates with a mobile device or computer via Bluetooth.

It’s set to start shipping next April, and the Kickstarter price starts at $148 each.

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Maria Korolov

Hypergrid Business editor and publisher Maria Korolov is a science fiction novelist. During the day, Maria Korolov is an award-winning freelance technology journalist who covers artificial intelligence, cybersecurity and enterprise virtual reality. See her Amazon author page here and follow her on Twitter, Facebook, or LinkedIn, and check out her latest videos on the Maria Korolov YouTube channel. Email her at maria@hypergridbusiness.com. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now. She is also the publisher of MetaStellar, a new online magazine of speculative fiction.