The watch will reportedly be integrated with Facebook’s apps to share multimedia across the social network

Facebook has confirmed it is working on a smartwatch, though a top executive cautioned that the idea may not actually lead to a product.

Andrew Bosworth, Facebook’s vice president of augmented reality and virtual reality, tweeted that the company is indeed exploring a ‘wrist-based form factor’ to go along with the company’s AR glasses.

We’ve said we want AR glasses to be truly useful—we’re investing in technologies across the board that will make that interaction feel more natural and intuitive, Bosworth wrote in a tweet. This includes research like EMG, haptics, adaptive interfaces that could come together in a wrist-based form factor.

We’ll share more when we’re ready. And just like with our glasses work, we will consult third party experts to help us get these right, he added.

Bosworth’s tweets were in response to a report from The Verge that said the company is working on its smartwatch and would launch it next summer to take on Apple and the Apple Watch.

The smartwatch would have two cameras that can be detached to take pictures and videos, similar to a GoPro.

Facebook is also working with third-party accessory makers for its upcoming watch, The Verge added, citing two people familiar with the project.

The front-facing camera would be for video calling, while the back camera would be to take pictures and videos.

The watch will reportedly be integrated with Facebook’s apps, notably Instagram, to share the multimedia across the social network.

It may also support LTE connectivity and could come in a variety of different colours, including white, black and gold.

Pricing for the smartwatch has not yet been set, but the first version of the watch could sell for roughly $400, The Verge added.

Subsequent versions could work in conjunction with the company’s aforementioned augmented reality glasses.

The report adds the watch is part of CEO Mark Zuckerberg’s idea to create more consumer devices in an effort to go around Apple and Google, which operate the dominant mobile operating systems iOS and Android.

Earlier this week, Zuckerberg told content creators it would not take a revenue cut from their work until at least 2023, specifically mentioning Apple by name.