Yes, and while I imagine more simple social and business overlap would be the starting point of the transition I imagine, virtual reality is quickly evolving and should certainly be a consideration at some point.
There really are very few limitations given so far, as we are working from very basic principles and no actual code has been produced so far.
We would love to have you and everyone else interested in brainstorming some of these ideas joining our the Slack. We already had a few people joining and there are no special requirements to do so. Anyone can also create their own post with ideas or questions right here on Steem of course, using the nth-society tag or by visiting the Nth Society forum on ChainBB.