Sure: that’s a SKU and not the product name.
From LG’s own website:
The name of the product is:
34" Curved UltraGear™ QHD HDR 10 160Hz Monitor with Tilt/Height Adjustable Stand
But since 34" curved monitors are a dime a dozen and the full name listing all the specs is a freaking mouthful, it winds up being referred to it by the SKU to help differentiate it.
The 34WP60C-B is apparently the same monitor, but without speakers and a different stand.
This isn’t Apple where there is only 1 macbook pro each year and you can differentiate with a “M4” or “2024” on it. every year, LG releases 100 different monitors, some of which have VERY similar specs. If they gave them all names, the names would be meaningless except for to differentiate the models. “LG UltraGear Megashark” offers no details, and only serves to make it memorable and google-able.
34GP63A-B isn’t memorable, but it is google-able to an even better degree (because theres no chance of getting a Terraria Megashark SEO landmine, I hate products that have names like “Cursor”, because how the hell am I going to google that).
34 is size, G is “gaming”, no idea on P63A, and -B indicates that this is the second revision (there is also a 34GP63A without the -B).
The official product page is an actual monitor name, and postfixed with the encoding to help differentiate similar models. So you’re right, but also, “AW3423DWF is a terrible name” is wrong, because AW3423DWF isn’t the product name, it’s just how people identify it, because there are so many similar monitors out there.