This is Wave. I don't know anything about it, but it is GORGEOUS. When I first saw this I thought it was just a wave until I started looking for the letters and they automatically popped out to me. There isn't much to say about this. It's very fluid. It's a very simple concept of the word Wave as a wave, and the concept only gets better when fully put to use.
Pretty much absolutely amazingly genius! The black and white concept is stunning as is, but when it is rendered as actual water it just takes that giant leap from wonderful to absolutely stunning.