New Lostwave was created when Lostwave Museum was retired on 2011-11-28.
There is talk about reseting the world again and creating Lostwave 3.0 at some point after 1.2 comes out so we can use the new features of 1.2.
This world has been home to two build areas. One is still active at /warp build and will be renamed /warp build6 when it is retired. The other is at /warp build5 and was active from 11-28-2011 until 1-24-2012.