Creating VR 360 videos in Blender is actually quite easy. I followed a few simple instructions and created a simple low-poly scene. Here is the my test video on YouTube: As you can see, the resolution needs to be much higher for it to be enjoyable. Next time I'll ramp it up to 7168x3584 or higher as is recommended. This is the tutorial I followed for the Blender settings:
dabblings in graphics and code