LIVE: Oculus Unveils A New Virtual Reality Prototype

Oculus on Saturday unveiled a new virtual reality headset prototype, called "Crescent Bay."

"None of this is perfect just yet, but it's a huge step forward," Oculus CEO Brendan Iribe said at the announcement. "It's a huge leap over DK2 [the most recent developer kit for the second-generation Oculus Rift prototype, Crystal Cove.]"

There are major audio advances in the latest VR prototype from Oculus.

It comes with integrated audio, which is still optional since many want to use their own earbuds.

Much of the Oculus "Crescent Bay" software in Saturday's announcement was demonstrated using Unreal Engine 4, the latest engine from the Epic team. Oculus is also working with Unity, which has one of the biggest Oculus developer communities, and they announced a continued partnership with a dedicated add-on for various levels of support and integration for both free and pro versions of Unity for everyone.

"The most important thing about Crescent Bay is that this allows for sustained presence - for you to achieve the impossible and believe you're in another world," Iribe said.

Oculus also announced its new Platform, which will come to Oculus VR later this year and PC later. This new platform is partially helped by the company's new partnership with Samsung, which will use its Gear VR headset to help developers build new experiences for the Oculus Platform.

This story is developing. You can watch the keynote live stream below.

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