Li-Fi is a fairly new concept, but it promises to provide faster speeds than Wi-Fi and it's unhackable, unless the intruder has a direct line of sight to the actual connected light bulb. For instance, in 2010 MyLiFi hit speeds of up to 23Mbps, compared with an average of 10Mbps for Wi-Fi. In tests throughout Tallinn, Estonia, in 2015, Li-Fi hit 1GBps.

MyLiFi comes from French company Oledcomm, and CEO Benjamin Azoulay envisions multiple use cases for this kind of technology. Li-Fi can be handy in hospitals, which demand a radiowave-free environment and tight security over patient information. Or, it can be good for gaming fans, since the connection is faster and more stable than Wi-Fi.

MyLiFi ships with an app that lets users control the lamp and turn off internet connectivity whenever they want. The lamp is available for pre-order now via Indiegogo, starting at $700.

Edgar Alvarez contributed to this report.

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