Snapchat is about to launch sunglasses with a built-in video camera.

The glasses will be called Spectacles and are due to come out by end of the year for around €116.

Just in time for Chrimbo, eh?

Spectacles will record 10 second clips on a tiny integrated camera which will then be transferred directly to your Snapchat story.

The camera has a wider lens and will be able to record circular videos, similar to human vision.

Snapchat also announced that it is renaming the company to Snap Inc as it develops more products.

Snapchat CEO, Evan Spiegel, told the Wall Street Journal that they're planning on creating new products over the next few years.

"We're going to take a slow approach to rolling them out.

"It's about us figuring out if it fits into people's lives and seeing how they like it," he added.