We are one step away from better visuals in VR coming with HDR 10-bit screens. 10 bit visuals can display up to 1.07 billion colors, whereas an 8 bit image can only display 16.7 million. This is 64 times fewer - a huge difference.
The ZCam K2 Pro is the camera of choice for 180° VR and this camera records in 10 bit color. The Quest 2 and nVidia 10xx/20xx/30xx can decode 10 bit h.265. But there's no HDR 10-bit headset on the market to take advantage of 10 bit video. And there's no advantage playing 10 bit video on noHDR screen. Meaning only 8-bit videos are practical for current generation VR headsets.
10 bit video looks brilliant on HDR 10-bit display, but it looks exactly the same as 8 bit on noHDR screen. It's only possible to see 10-bit effect on HDR 10-bit screen. It doesn't work like with resolution when you get better visuals when watching flat 4K video on HD screen. Also 10-bit videos have much bigger filesize due to much higher bitrate required.
From producer perspective it's still beneficial to have 10-bit camera for a huge advantage to color grading which is then downscaled to 8-bit. 8-bit Zcam K1 Pro camera has much less potential for color grading.
That's 10-bit image compared to 8-bit. See the difference on HDR screen
https://insights.sexlikereal.com/images/Screenshot_6.png
Here is video
http://insights.sexlikereal.com/videos/Paisley_Porter_8bit__mkx200.mp4
http://insights.sexlikereal.com/videos/Paisley_Porter_10bit__mkx200-3.mp4