Virtual Reality: Hands on With the Luna 360-Degree Camera

The Luna 360 camera easily makes virtual reality videos.

— -- Making virtual reality home movies is within reach this year.

Luna 360, a consumer-friendly camera set to be released later this year, provides an accessible way for anyone to shoot 360-degree home movies and export them for viewing on virtual reality devices.

The under-the-radar star though may be the Luna 360 camera, which I had the chance to check out as CES wrapped up last week. The 360 camera is about the same size as a pool ball, making it easy to slip into a purse or pocket.

The camera, which is currently being sold on Indiegogo for $199, is also waterproof, which makes it ideal for anyone wanting to capture an outdoor adventure.

A gyroscope built into the six centimeter sphere helps create stable video, which can then be transferred to a user's phone or computer. Luna's accompanying app allows users to crop and edit their videos as well as take two-dimensional photo grabs.

There weren't any noticeable seams of where the videos were pieced together to create a 360-degree experience when using Google Cardboard. The $199 early buyer price is set to reach $299 later this year, according to Memora, the company behind Luna.

While the price point may make it a luxury product for some consumers, it's really the first giant leap of putting virtual reality technology into the hands of a mainstream audience.

"This year is really the first year consumers have access to this," DJ Roller, founder of NExtVR, told ABC News last week. "Virtual reality is a whole other medium, as different as radio was to television."