A system configured to provide effects for virtual content in an interactive space may comprise one or more of a headset, one or more image-forming components, one or more physical processors, and/or other components. An image forming virtual object may be presented to the user via the one or more image-forming components. The virtual object may be perceived as being present in the real world. A user may utilize a virtual tool to apply an exploder effect and/or other effect. The virtual tool providing the exploder effect may take the form of a rod-shaped object forming a wand. The virtual tool may be inserted into the virtual object. the virtual tool may be drawn away from the virtual object to cause the virtual object to achieve an exploded view state.