v-Business is the sale of real or virtual products from a virtual world

Virtual world

A virtual world is an online community that takes the form of a computer-based simulated environment through which users can interact with one another and use and create objects. The term has become largely synonymous with interactive 3D virtual environments, where the users take the form of...

. v-Business or virtual business is a term was first mentioned in "E-Commerce and V-Business: Business Models for Global Success" by Stuart Barnes, Brian Hunt, et al. (ISBN 978-0750645324). IBM strategic outlook projects a large percentage business transactions and business processing will be conducted in or enabled by virtual world technology.