Meta, the newly formed parent company of social media giant Facebook, has been trying to break into the hardware market but hasn’t found any major success so far apart from the Oculus VR headsets.

Now, the company is reportedly developing new AR glasses under the name of Project Nazare. As per the report, Meta aims to launch the product by 2024 and the more advanced models will be available in 2026 and 2028.

Meta AR Glasses Teaser

The report coming from The Verge also reveals that the company has invested billions of dollars in the development of these new AR glasses, which is a part of Mark Zuckerberg’s vision for the metaverse.

The device is also expected to be priced higher than the Oculus Quest 2 VR headset which is currently available at $299. This is likely because of the increased pricing of the materials used in making the AR glasses.

For delivering a true AR experience, it will come with eye-tracking cameras, custom waveguides, and microLED projectors, which apparently cost thousands of dollars. With such costing involved, it appears that the first generation would be a niche product.

As per the report, the device weighs around 100 grams, which is about four times the normal glasses, and has thick black frames. It will apparently have a battery life of just 4 hours and be powered by an included wireless puck that can fit in the pocket.

The report adds that Meta doesn’t have a working wearable prototype of the glasses. This means that even though the company is expected to launch this device by 2024, there could be some changes in the launch timeline.

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