Oculus VR has announced the release of DK2 – the second official Oculus Rift virtual reality headset development kit. 

The exciting news was broken in a blog post on March 19, with confirmation that the DK2 will feature "many of the key technical breakthroughs and core elements of the consumer Rift".

According to Oculus VR, the DK2 will feature a low-persistence, high-definition OLED display and improved head-tracking, thanks to an external camera that allows for a more immersive user experience.

Oculus VR reports that the new DK2 delivers reduced latency and greater precision than the first edition development kit, and is "a massive leap forward" in virtual reality technology.

While there is still a bit of work to do before Oculus VR can complete work on the consumer-edition of their much-vaunted device, this new kit brings the world one step closer to entering the next era of virtual reality and video game simulation. 

"Virtual reality is going to continue to evolve rapidly in the coming years. There's no cutting corners or 'good enough' when it comes to VR; the consumer Rift needs to be perfect and we're dedicated to getting it right. We're moving as fast as possible and promise it'll be worth the wait," reads the announcement.

The news comes in the same week that Sony announced it is working on a high-tech virtual reality headset of its very own, to be utilised in combination with the PlayStation 4 console.

Meanwhile, Microsoft is reportedly hard at work on both virtual reality and augmented reality technologies. 

The Oculus Rift headset first came to prominence as a Kickstarter campaign in 2012. The first development kit for the device was shipped in March 2013, giving virtual reality enthusiasts a chance to try the device for themselves, and begin work on games and simulations utilising the headset. 

The first batch of DK2 kits is expected to ship in July 2014. No release date for a consumer edition of the device has been set. 

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