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This name would be ideal for a music or audio organisation.
The word "WaveBear" contains eight characters and three syllables. Successful brands using three syllable names include Verizon, Delicious and Heineken.
Wavebear.com is a dot com domain. Dot com domains are the most valued top-level-domain in the world, used by famous websites like google.com. Owning a dot com says that you own the word "WaveBear" online.