Magic Leap’s new Lightwear device is the technology we’ve been waiting over half a decade for. Since 2011, the company has raised over $1.9 billion and, up until this morning, they’ve had nothing to show for it.

Lightware is the name given to the new goggle-like headgear from the company, but Magic Leap One is the moniker for the collective group of Magic Leap’s new technology. There’s three components to One, Lightware—the goggles, Lightpack— the portable engine that drives Lightware, and the unnamed control device that closely resembles the original Vive controllers. 

Magic Leap One will employ the company’s ‘digital lightfield’ technology. According to their website, digital lightfield is an advanced technology that “allows our brain to naturally process digital objects the same way we do real-world objects, making it comfortable to use for long periods of time.”

Visual perception and room-mapping technology will also be a big part of what Lightware does. Magic Leap claims that together, these technologies will allow objects to “stay where you put them, just as they would in real life.” That means if you put a virtual recipe on the counter and then leave the room, it’ll still be there when you get back.

From a next-gen interface to an audio profile that “mimics the real world and relays distance and intensity,” the Magic Leap One is supposedly packed to the brim with new and innovative technology. The problem is, we still haven’t seen any of it in action. Today’s unveil was full of promises and cool looking pictures, but a hands-on demo is what we really need to see to get the hype train rolling.

Luckily, that might be coming sooner rather than later. Though no official dates were announced, the Magic Leap website states that developer units will be shipping out in 2018. While this means we’re probably at least several more years away from the tech going public, at least it’s a step leap in the right direction.