Yes, the Snapchat Spectacles are real, and company chief Evan Spiegel presented them to a small group of people today. That's where he also revealed that the company has been rebranded and renamed to Snap Inc. According to The Wall Street Journal, Snap Inc.'s first wearable product comes armed with a camera that can record 10-second videos when you tap a button near the hinge. Every tap starts a new recording. The results don't look like typical* videos shot with phones or action cams, though -- not when it captures circular footage that mimics our own vision. Apparently, Spiegel believes that the rectangular format is "an unnecessary vestige of printing photos on sheets of paper." And since this is Snapchat we're talking about, the glasses can sync with your phone wirelessly, making anything it takes easy to share online.