clipped from: www.cnn.com   

Virtual worlds: The next Facebook?

LONDON, England (CNN) -- It's 2020. You get home from work, kick off your shoes and relax -- on your very own tropical island. That night, your friends teleport over with other glamorous guests, all nipped, tucked and primped to perfection, for a hedonistic cocktail party at your five-star beach house, decked out in expensively understated chrome, crystal and fine Italian furniture.

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But this is no billionaire way of life. If virtual worlds become the next Facebook phenomenon, experts predict that logging on to a luxury lifestyle could be attainable for all of us -- and we might even spend more money on our online homes than on our real-life surroundings.

Interaction on Facebook, MySpace and other social networking sites is mainly limited to text, with the ability for users to add photos and video. But in a virtual world, people are represented by avatars: computer-generated figures which can look uncannily like ourselves -- if we choose.