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Samsung may have announced its first ever smart watch, but it’s not the only game in town, so really, what is the Galaxy Gear like against another smart watch?

Wearable technology is still a relatively new thing, and even though people wore an iPod Nano as a wrist watch for some time, it wasn’t actually a dedicated fashion accessory, at least not the way a watch is.

And when Apple redesigned the Nano, it completely removed the ability to make its media player wearable.

That move saddened people, especially since many in the industry believe wearable tech is the next frontier, since we all have smartphones, and many of them are so big, a companion device like a watch or a pair of glasses makes a lot of sense.

Pebble certainly sees it like this, and raised a lot of eyebrows and grabbed a lot of attention when it first launched a crowd-sourcing campaign to make its electronic ink smart watch.

The Pebble maintains a Bluetooth link with a watch or tablet and makes it possible to intercept emails, text messages, and phone calls using the watch, while also being able to create and run different watch faces.

It’s not the first smart watch, either – Sony has one, too (below) – but due to the Kickstarter campaign raising over $10 million US dollars, it is one of the most successful.

Samsung seems keen to get a piece of this pie, though, hardly surprising since many other companies are talking up their own products that will act as fashionable companion accessories heading to stores in the near future.

This week, Samsung showed off its smart watch to Australia, sitting under the same brand as the popular Galaxy smartphones, and called the “Galaxy Gear.”

Originally announced at IFA in Germany in early September, the watch works with Samsung smartphones to deliver the time, messages, and emails, just like the Pebble, but also a whole lot more.

For instance, you can actually take pictures and small videos using a camera on the band, make phone calls from the wrist thanks to a built-in microphone and speakers, and even run apps.

Other functionality includes being able to find lost connected phones using sounds (and, conversely, finding the watch using the phone if it ever goes missing), tracking footsteps using a pedometer, and scan wine bottles with the camera to make note of it later using an app built for this.