Snap is laying the groundwork for its long-rumoured smart glasses by spinning the project out into a new, standalone company. Specs Inc. will house the development and future launch of its next-generation smart eyewear, simply called Specs. Snap believes smart glasses could eventually replace everyday physical items — from whiteboards to instruction manuals — with shared digital equivalents. AdvertisementSnap hasn’t shared hardware specs or a firm release date yet, but the creation of Specs Inc. makes one thing clear: the smart glasses launch is no longer theoretical. With the new subsidiary in place, Snap appears to be getting serious about turning Specs into its next major platform.