A system and a method of creating, hosting, and accessing a VR project is described. Media files are imported into a software application running on a system and details of interaction between the media files are provided. The media files are processed based on the details of interaction for creation of the VR project. The VR project may include multiple versions of media files prepared based on configurations of user devices requiring access to the VR project. A user device may place a request to a server hosting the VR project. The server may identify an optimal version of media files for the user device, based on configurations of the user device. The optimal version of the media files along with a corresponding VRXF file including details of interactions between the media files is transmitted to the user device, for delivering a best VR experience of the VR project.