Even though the terms are sometimes used interchangeably, there is a difference between 360-degree video and virtual reality.
Raindance’s Baptiste Charles-Aubert looks at it this way: “Many exciting things have been happening in virtual reality. You can roam the corridors of the Overlook Hotel or explore the infinite depth of a surrealist Salvador Dali painting. However these are computer generated. Virtual Reality experiences (from Samsung or Facebook’s Oculus) are all video game-based. 360 video is, no surprise, video content. They’re shot with 360°-cameras -the simplest such attire is two 220° cameras back to back together, which is the same width as the human eyes have. That makes difference in terms of perception, but also for what comes next.”