The usual definition of vertex operator algebra is long and unenlightning. But due to work by Huang and Kong it is known now that vertex operator algebras are nothing but certain FQFTs:
There is a monoidal category or operad whose morphisms are conformal spheres with -punctures marked as incoming and one puncture marked as outgoing (each puncture equipped with a conformally parametrized annular neighborhood). Composition of such spheres is by gluing along puctures. This can be regarded as a category of 2-dimensional genus-0 conformal cobordisms.
As shown by theorems by Huang and Kong, a vertex operator algebra is precisely a holomorphic representation? of this category, or algebra over an operad for this operad i.e. an genus-0 conformal FQFT, hence a monoidal functor
such that its component is a holomorphic function on the moduli space of conformal punctured spheres.
The original article with the interpretation of vertex operator algebras as holomorphic algebras over the holomorphic punctured sphere operad is
A standard textbook summarizing these results is
As mentioned in the acknowledgements there, Todd Trimble and Jim Stasheff had a hand in making the operadic picture manifest itself here.
More recently Huang’s student Liang Kong has been developing these results further, generalizing them to open-closed CFTs and to non-chiral, i.e. completely general CFTs. See