A method and apparatus for managing virtual objects in a network is provided. The method includes creating a unique link between at least one virtual object and a physical token. The at least one virtual object is represented by a first set of distinct predefined properties and is associated with a data set. Further, the method includes maintaining information about the unique link between the at least one virtual object and the physical token and information about the first set of distinct predefined properties. Furthermore, the method includes regulating access to the at least one virtual object based on a second set of predefined properties and verification of the physical token.