Oculus VR has created a virtual reality technology , currently at the prototype stage . Facebook bought the company in March for over $ 2 billion . The headset is called " Gear VR " and it's basically an open - source version of Google Glass that you can wear on your face or put inside your eye socket ( which means no glasses ) The technology could transform the way we communicate , say its creators .
Oculus VR has created a virtual reality technology , currently at the prototype stage . Facebook bought the company in March for over $ 2 billion . Brendan Iribe , Oculus VR 's CEO , says a consumer version is still `` many months '' away . The technology could transform the way we communicate , say its creators .