Update#2
We have added the capability to equip and unequip weapons and tools from the inventory menu. A quick and easy mode for switching weapons and tools is also in the works. We are still adjusting items positioning into the hand and animations.
The weapons handling is also in work at the moment. We are implementing things like attacking, damaging and taking damage. The arms are synchronized in multiplayer.
Update#1
We are now working on the inventory system. It will be split into 3 main categories and it will be accessed by looking down in VR and clicking the Inventory button at the bottom.
Note: The inventory menu appears larger when playing in VR