“Under an agreement between On2 and Xiph.org Foundation, a nonprofit that serves as a parent for open-source development efforts, developers will be able to use an early version of On2’s compression codec with the Ogg Vorbis framework. On2’s VP3.2 compresses large video files into smaller ones so they can be sent over the Web, wireless devices, set-top boxes and electronic gaming devices … On2 is facing a powerful challenger in the standards arena: MPEG-4, a next-generation compression format for video and audio and the successor of technologies behind the MP3 audio explosion…”
Full story at CNET’s News.com or ZDNet News. Does anybody here at Zeropaid think MP3 will be successfully replaced anytime soon?
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