1994 – The Fraunhofer Institute for Integrated Circuits (IIS) released I3enc – otherwise known at MP3. This is also known as MPEG-3. The MP3 moniker did not get chosen until July 14, 1995 (it was .bit before .mp3). MP3 is still licensed to Fraunhofer Institute – therefore, you must pay a license fee to use the […]
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