MP3 is a popular lossy audio format. This allows you to maintain acceptable sound quality with small file size. For most users, this loss of sound quality is almost imperceptible, so the MP3 format quickly gained its popularity, allowing you to store more songs on compact digital devices such as smartphones and iPods. Its small size made it a perfect choice for sharing music online.
File type: Audio
File extension: .mp3
Developed by: Fraunhofer Society
Initial release: 1993