The MP3 extenstion is the most common MPEG-1 Audio stream file type. It is a MPEG-1 Audio Stream, layer III that is an audio coding format that uses lossless compression method for its music data. Nowadays, the MP3 is the standard for digital audio streaming and storage and is the standard for most music players. Created by the Moving Picture Experts Group, it is the second successor to the original MP1 format. Mime type: audio/mpeg, audio/x-mpeg, audio/mp3, audio/x-mp3, audio/mpeg3, audio/x-mpeg3, audio/mpg, audio/x-mpg, audio/x-mpegaudio