OTOY is a believer in Light Field technology from camera to VR headset. With similar ambitions but less money than Google/Magic Leap, the other Light Field pioneer, the small company is working in the Facebook/Oculus environment where they devised a sophisticated compression algorithm and a matching rendering tool. The proof of concept culminates in a transmission rate as low as 1.5 Mbs for a single actor lightfield, meaning video is easily streamable to a smartphone.
OTOY announced that their light field streaming technology will come to Gear VR in the next ORBX free VR Media Player app update. Demo here under.