This paper investigates the unique potential of VR environments to serve as a comprehensive tool for communication and memory management. The paper uncovers intricate - and in some sense holistic - links between certain kinds of VR spaces and existing frameworks for the design and analysis of conceptual mappings, and shows how VR spaces can do more than just provide appealing visual experiences, by capturing the psychology of how new memories are formed. The paper provides multiple examples from the MaxWhere VR platform to support its main arguments, and concludes with a discussion on what these arguments, if accepted as correct, will mean for AI-enhanced CogInfoCom systems in the future.