This study defines the nature, scope, pace, and consequences of the rapid development of social networking in the 21st century. The impact of INFOCO systems upon civilizational development is investigated and predicted for the future. Such concepts as Global Virtual Society, Global Virtual Nation, Virtual Nation, Virtual Users, National Virtual Citizens, and Global Virtual Citizens are defined. Their electronic culture is defined, too. Finally some recommendations for further research are provided. In particular, the question of whether the concept of one world government is good or bad for mankind should be answered soon, in order to properly steer the further development of large-scale social networks.