Aiming at the high data bandwidth problem in the virtual reality applications, this paper presents a data transmission method for the OLED-on-silicon microdisplay with the human eye visual perception characteristic. With the study on the human visual system, the foveation filtering algorithm of the texture pyramid is used to simulate the dynamic gaze effect of the human eye. The multi-resolution image fusions with the multi-level texture pyramids for the output image are realized. The hardware modules are designed using Verilog HDL language under the FPGA platform, including the video signal decoding and the 1 600×1 600 color OLED-on-silicon microdisplay driving. The experimental results show the multi-resolution image fusion compression algorithm based on the visual perception of human eye has a good data compression ratio. It can effectively decrease the transmission bandwidth for the OLED-on-silicon microdisplay. The proposed method meets the visual perception of the human eye. It has good rendering quality, which meets the real-time rendering requirements of the OLED-on-silicon microdisplay in the virtual reality embedded environment.