Obviously this is a massive throw of dice for Nokia and they have their fingers crossed that the likes of HTC, Google, Facebook and their ilk help cast the net for VR technology far and wide and make people thirst for a more immersive experience as far as gaming, media consumption as well as the defence industry is concerned.
Melin further added that the VR camera wasn't just an accident but was a result of Nokia's intention of investing in the sector. Funding and research on the project began even before Facebook bought Oculus and it may turn out to be Nokia's hen that lays golden eggs in the coming years.
"It was definitely not an accident we chose to invest in VR. But it was not the result of some insight, strategy investment. A couple of years ago, a handful of engineers came up with an idea and wanted to test the idea. We didn't originally plan to make a professional product. It was simply to make a VR camera.
Ever thought about making a 3D video? Nokia's new VR camera should help
During our mobile phone days, we had a very wide array of technologies that we were researching on video coding, audio quality, multimedia experiences, better cameras, user scenarios - everything that you could experience with a mobile phone. So in that way, it was not an accident that this idea came and we wanted to invest in it," he said.
Auravisor is the first VR headset to feature a built-in computer with 5" full-HD display
While Nokia is waiting out its separation period from the mobile ohone industry, investing in parallel technologies like OZO will ensure the company stays competitive and in the know for a long time to come.
Hands-on with the Samsung Innovator Edition VR headset