To start with I have discussed in the essay, how life would be in the virtual world. Next I have critically evaluated about why people should enter into the virtual world, by discussing the unique features of virtual world. Next I have discussed the benefits offered by virtual world to its users followed by the drawbacks available in virtual world. In addition to that, for the purpose of research, I have taken Yahoo Avatar as an example since it is one of the leading portals that help users create their own identity and lead a virtual life in cyber space. I have chosen Yahoo Avatars since it is the topmost portals in the internet that offers its users to multiple choices in forming their new identity and living a second life. Moreover, not much research exists on Yahoo Avatar and its applications. After that I have discussed about the current trends in virtual world along with some benefits offered by virtual world in some specific areas of business. Finally, I have found out on conducting this research that investigating the present trends, recognizing the challenges present in virtual worlds and making the best use of them will help individuals and companies to be benefited in a better way. I have concluded the research on analyzing the various aspects of virtual world that it is a boon to the present digital age and people should feel good about living in the virtual world. To strengthen my findings, I have gathered several sources of secondary data that speak about the benefits of virtual world. Collecting and analyzing all these data has helped me get a clear idea on the benefits of virtual world and help me in concluding why it is good to live in virtual world.