The latest Moto Mod is a $300 360-degree 4K camera

Alongside the newly-announced Moto Z2 Force, Lenovo has revealed the latest Moto Mod accessory; the Moto 360 Camera.

The magnetic accessory will shoot 360-degree video in full 4K resolution at 24 frames per second, thanks to a pair of 13-megapixel wide-angled cameras.

Compatible with all phones in the Moto Z range, Motorola says it has worked with Google to ensure the stills and videos is compatible with YouTube and Google Photos.

The captured footage will be available to edit on the device. A software update will enable users to live stream the footage to various social media platforms.

The Moto 360 Camera will be available from August 10 for a price point of $299.

Moto isn’t the only horse in this race. Andy Rubin’s Essential phone also has an optional video capture accessory.

On paper, that might be the better option. It offers 30 frames per second 4K footage and is $100 cheaper.

Samsung is also operating within the realm. Its Gear 360 cameras designed to create footage for the Gear VR headsets among other portals.

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Among the other Moto Mods on offer include a Hasselblad camera, a JBL speaker, a projector, a gamepad, a power pack and a shell to enable wireless charging.

The ecosystem of Moto Mods is developing nicely, but the appetite for them remains unclear.

The Lenovo-owned company is yet to reveal any sales information for the modular accessories that, although useful, are a tough sell for smartphone buyers who’ve just forked out for a flagship handset.