The company hopes the upgrades to VR will arrive by the end of the decade.

All of the necessary components are there to make this a reality.

All we have to do is catch up with the software.

Person wearing VR headset, holding their palms out toward the camera, various lights shimmering in the foreground

Getty Images / janiecbros

Facebook ownsOculus, of course, which makes a line of popular virtual reality headsets.

The company said that, one day soon, a pair of glasses could replace your gear or smartphone.

The Future is Now

Recent advances in technology are bringing the idea of teleportation closer to reality.

Smiling person using a VR headset

Getty Images / shironosov

Oculus currently is testing hand tracking, which will help create teleportation, Rose said.

He added that better 5G connectivity and ubiquitous high-speed internet allow streaming high-definition 360 videos for real-time VR environments.

Rose said he believes the technology for teleportation could be ready for consumers within five years.

His company, for example, is building a VR classroom app to teleport students back into the classroom.

Seniors can walk or use their wheelchair.