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We review the current state of results about the half-wave maps equation on the domain with target . In particular, we focus on the energy-critical case , where we discuss the classification of traveling solitary waves and a Lax pair structure together with its implications (e.,g.~invariance of rational solutions and infinitely many conservation laws on a scale of homogeneous Besov spaces). Furthermore, we also comment on the one-dimensional space-periodic case. Finally, we list some open problem for future research.

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