Walkabout Worlds has demonstrated a 360 video with six degrees of freedom (you can walk around in it), captured with a consumer 360 camera!
360 videos are sometimes called VR videos or 360 VR videos to the chagrin of [real] VR developers. The truth is that 360 videos are not VR, because you can look around (3 degrees of freedom) but it does not have 6 degrees of freedom. Your perspective does not change if you move up/down, left/right, or forward/backward.
At CES 2017, Intel demonstrated a true VR video that has 6 degrees of freedom, which is captured using a 360 camera rig equipped with LiDAR for volumetric video capture capability. See this demo.
Walkabout Worlds, however, has managed to create a 360 video with 6 degrees of freedom, using a consumer 360 camera. Â Here is their demo video:
The video was created using a Samsung Gear 360, and the 360 video was mapped onto a static 3D model. Â Walkabout Worlds has generously made the demo available so you can try it yourself (Windows only).
Meanwhile, you can use a 360 camera to create 3D models that you can explore, through the Walkabout Worlds app  (Android).  You can also check out their official page and their Facebook page.
That seems cool but aren’t you just really zooming in or out on the panorama?
Hi Brad. No, zooming is different from walking toward a location. The perspective is different.
So is it possible to seamlessly move from one panorama to another?
Hi Brad. I actually haven’t tried it but I think not, unless perhaps you linked the 3d models…?