The number of players in the head-mounted display scene for virtual reality continues to grow, as LG Electronics has announced through Valve that it will be showing a new headset prototype at GDC this week.

The unit, which will be on display at Valve's booth, is designed to "deliver a high fidelity, next generation VR experience." Since Valve is involved, it is likely the new unit will be compatible with Steam VR. The company has also opened up its Lighthouse tracking software to third-party developers for free in August last year. Valve has since also eliminated the requirement for attendance at a $3,000 class to use the software.

There are several competitors in the PC VR space right now, with Oculus and HTC Vive being the most prominent. Those units currently sell for $599 ($799 with Touch controllers) and $799 respectively. Another competitor could likely see those prices come down in the future, if LG's new headset is both quality and competitively priced.

No other details were available. LG has been working on a VR headset for the last few years, showing off an HMD LG 360 VR early last year.