Abstract: The embodiments herein provide a method and system for automatically creating a companionship between a user and at least one item source using a server. The method includes rendering a virtual environment selected by a user, wherein the virtual environment is configured to simulate a virtual appearance of a real-world entity. Further, the method includes receiving at least one item selected by the user from a plurality of items, wherein the at least one item is associated with at least one item source. Further, the method includes displaying the selected items in the virtual environment, wherein the selected items is integrated in the virtual environment. Furthermore, the method includes automatically creating a companionship between the user and the at least one item source based on the selected items.