Color Palette:

1. Color Name: Electric Blue
   Hex Code: 
                            
                            #00FFFF
                        
   Description: This vibrant and energetic shade of blue represents the electrifying and futuristic vibes of the new wave record label.

2. Color Name: Neon Pink
   Hex Code: 
                            
                            #FF6EC7
                        
   Description: This bold and eye-catching pink shade adds a touch of playfulness and edginess to the cool record label's visual identity.

3. Color Name: Fresh Mint
   Hex Code: 
                            
                            #A8FFC9
                        
   Description: This refreshing and light shade of green symbolizes the label's innovative and rejuvenating approach to music.

4. Color Name: Steel Grey
   Hex Code: 
                            
                            #808080
                        
   Description: This neutral and versatile grey tone adds a sophisticated and modern touch to the record label's overall aesthetic.

5. Color Name: Pearl White
   Hex Code: 
                            
                            #F8F8FF
                        
   Description: This elegant and subtle shade of white represents purity and sleekness, enhancing the label's cool and contemporary image.

6. Color Name: Silver Sparkle
   Hex Code: 
                            
                            #C0C0C0
                        
   Description: This metallic silver shade adds a touch of glam and sophistication, reflecting the label's commitment to producing cutting-edge music.