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It won't, it has been tried multiple times already. A VR headset is not just the plastic shell, you need specialized components to make it work. The original Oculus development kits were open-sourced years ago and nothing happened. Razer's OSVR was open-source and nothing happened. You need someone to manufacture the components, not just wishful thinking that some magical enthusiasts will take it somewhere.
NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.
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