A Kickstarter fund for a near field communication enabled ring is in the works. The tech is simple. Its nothing more than a titanium band and two inlays with NFC ready chips in there. It is designed to enable the wearer to use different types of hand gestures to share different kinds of information.

The NFC signal can perform simple tasks like unlocking smartphones or front doors, and store all kinds of personal data including stuff you want to share with friends, and can be programmed to work as a key fob and serve as a replacement for your car's ignition button. The possibilities are somewhat endless.

The project has reached its $46,000 goal on Kickstarter with a month to spare and McLear put the CAD files for the ring so people can hack the design and 3D print rings themselves. John McLear says that they plan to use the Kickstarter money to expand the business, improve the rings and come up with more offerings.

The ring will only work with an Android app for now, seeing iOS devices don't have NFC in them just yet. [Kickstarter via TechCrunch]