ISO MPEG Audio Layer 3 was created in 1992. The technology: decrease audio filesizes by a factor of 12, while maintaining high quality. Three years later, via a mass email, this Audio Layer 3 stuff was named ‘MP3’. This was the birth of the MP3.
The Moving Picture Expert Group (MPEG) Audio Layer 3 has dominated the internet since it’s arrival. Phenomenon such as the iPod and Napster owe their existence to the birth of the MP3. I take my hat off to you Mr. MP3. It is you who has revolutionized the digital world and I thank you for it, congratulations on a decade of success.