Bosworth explained that the wristband will decode electrical impulses such as those sent to hand muscles telling them to move certain ways, such as clicking a computer mouse or pressing a button. The wristband will translate impulses into signals a device can comprehend, having thoughts rather than mouse clicks or button presses prompt actions on computers, according to Facebook.
Facebook did not disclose financial terms of the deal to buy New York-based CTRL-labs, but unconfirmed media reports said it paid more than $500 million. After Facebook bought virtual-reality gear startup Oculus in early 2014 in a deal valued at $2 billion, social network co-founder and chief Mark Zuckerberg heralded the technology as the next major computing platform. Oculus has since built a line of virtual reality gear, pushing down the price and eliminating the need to be plugged in to a computer with its Quest VR headset.