The latest in wearable devices could be the next best thing to telekinesis.

Nod, a waterproof ring with wireless connectivity, allows the wearer to control the TV, computer, lights, thermostat and more with the flick of a finger, CNET reported.

Available for preorder starting today, the Bluetooth-enabled device goes for $149 and is compatible with Mac and Windows PC systems, Google Glass and even Nest thermostats. The wearable comes in a wide range of sizes, all of which are exchangeable if the ring doesn't fit properly, and should start shipping in the fall.

The company's founders say the ring's accuracy for movement is on point enough to be used during gaming. In an advertisement, a wearer uses Nod to flip through video streaming options, an e-book and Google Maps and to play a video game.

"We came together with the idea of trying to solve something that we think could possibly be the next computing revolution around input," Nod Labs CEO and founder Anush Elangovan told TechCrunch in an interview. "We wanted to solve the most complicated thing in gestures, which means we wanted to go beyond gimmicks. We wanted people to be able to fully express themselves."

The Mountain View, Calif.-based startup has an impressive arsenal of resources, including talent from Apple, Google and Samsung as well as funding from Menlo Ventures and Sequoia Capital.

Nod, which works through high sensitivity to "micro-gestures," is unique in the growing Internet of things for its reliance on movement.

"We took a step back and looked at how we've progressed from plug panels and dip switches to the mouse in the PC era, and then touch in the mobile era, and we were like 'what's next?'" Elangovan told TechCrunch. "Speech has always been one part of it, but speech doesn't work in a crowded room for example, so the next obvious one is gestures."

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