During the keynote presentation at Oculus' annual Connect developer conference, Facebook CEO Mark Zuckerberg showed off a demo of a new virtual reality device that's supposed to sit between mobile and full PC experiences. Zuckerberg said the product is still in its prototype stage, but it will offer a standalone experience, without relying on a phone like Samsung's Gear VR or Google's Daydream, but won't be as expensive as a full Oculus Rift.

The new product is designed to be portable, so you can take it anywhere, yet remain affordable and accessible. The prototype appears to have a similar design to the Rift, including built-in earpads, but without the wires that tether the Rift to a PC.

Zuckerberg did not say when the new device would be released or how much it will cost, but we expect to learn more in the near future.