Snail Games announced the release of the ARK Park which will be a new PC / PlayStation 4 VR game. The release date of the game is not clear but the first promotion video already released what you can watch above.

As you can see the game going to plays in a Dinosaur fantasy world with more than 100 different dinos. The game going to has several fantasy elements just like the floating buildings and you can even ride some of the dinos.

If you find some similarity between between this and the ARK: Survival Evolved well you are right because Snail Games license several elements, and parts from the game.
The new ARK Park going to works with PlayStation VR (PS4) and the HTC Vive with the Oculus Rift (PC). According to the press release the game will be available in 2017.