Vaporwave isn't really a genre exactly! It's kind've a name that has been given to a few artists working under tons of pseudonyms that have been releasing music for free that all in some way worships and satirizes the death of a specific kind of old commercialism as well as the rise of a new internet commercialism. It's largely a mood style rather than a "song" style. This style actually has a lot in common with screw music, which was a 90's movement of hip-hop remixing that slowed down the tempo and well, chopped and screwed with it.
Tinymixtapes has been writing some cool shit about vaporwave this year. It's a scene that got started this year and is likely going to die by the time we hit 2013, especially since most of its pioneers are retiring their vaporwave monikers within the next two months for different projects.
http://www.tinymixtapes.com/music-review/mediafired-the-pathway-through-whatever
http://www.tinymixtapes.com/music-review/virtual-information-desk-contemporary-sapporo
http://www.tinymixtapes.com/music-review/internet-club-vanishing-vision
In response to @anarchyzombie9 I can see exactly what he means, especially because of the artist's on the soundtrack. A favorite of mine, Sun Araw, contributes a few tracks too. A lot of those guys share some sounds with vaporwave, but they're exploring some different places. Whereas with vaporwave you get dudes running their cut tunes through youtube compressors to shred the music to hollow bits to make it sound like a bad 90's car commercial played on repeat during the break of your shitty VHS-taped copy of Heat, Sun Araw plays with these sounds from a perspective more akin to what Johnny Jewel does.
Vaporwave is still pretty awesome though, and attaching it to Hotline Miami seems strangely appropriate regardless.
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