A virtual event is an organized meet-up that takes place online instead of IRL (in real life). People do virtual events to replace or supplement an in-person events. Virtual events range from FAQ sessions and seminars to large conferences.
There are many advantages over traditional events:
Virtual events are much easier to scale than in-person events.
Virtual events are more cost-effective. There is no need to rent a space or pay for catering, security, facilitators, etc.
Virtual events can better meet the needs of a specific audience.
Virtual events can help build community and connect with people from all over the world.