Snap, the parent company of Snapchat, announces next-gen Spectacles

It is their first complete Augmented Reality glasses

The glasses come with dual 3D waveguide displays

A 26.3-degree diagonal field of view gives an immersive lens experience

The device has built-in microphones, stereo speakers, and touch-keys

Snap Lens Studio will help creators build custom lenses for the devices

Facebook is also geared up to launch smart glasses in partnership with Ray-Ban

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