Verizon and AT&T on Thursday announced that the first holographic phone in the world, the RED Hydrogen One, is going to be available to their subscribers later this year.

That $1,200 Android phone is said to boast a revolutionary 3D display -- what the company calls a 4-View technology, which promises to offer users 3D-like experiences without glasses. The phone is the first consumer handset from Red, the company better known for its high-end digital cameras used to create Hollywood films.

The Hydrogen One is supposed to be a 5.7-inch device featuring high-end specs and design, as well as some sort of modularity featuring a powerful pogo pin system. You'd be able to add modules to your phone to improve certain features.

In addition to the new phone, RED will launch the HYDROGEN network, an exclusive network of channels with 4-View content. The RED HYDROGEN network will feature 4-View videos of games, music and films, musicians and directors, alongside independent creators.

The carriers didn't specify a firm release date.