Next year the VR company plans to deliver a final consumer version of its much-buzzed about headset.

The company poised to deliver a quantum leap forward in the consumer virtual reality space took a smaller but still crucial step this weekend.

Oculus VR, the Facebook-owned company working to create affordable and quality virtual reality, announced it had created a new prototype VR headset code-named “Crescent Bay.” The announcement was made by CEO Brendan Iribe during his keynote at Oculus Connect, a conference being held Saturday in Los Angeles.

“This prototype shows off the features, the quality, the presence that we need to deliver for consumer VR,” said Iribe in the keynote. “This is along the path, much like Crystal Cove was–this is not the consumer product. It’s much closer, but its not the final thing.”

Read the full article at Fast Company.