generate questions: MPEG-1 or MPEG-2 Audio Layer III, more commonly referred to as MP3, is an audio coding format for digital audio which uses a form of lossy data compression. It is a common audio format for consumer audio streaming or storage, as well as a de facto standard of digital audio compression for the transfer and playback of music on most digital audio players.
What is the common name for MPEG-2 Audio Layer III? {sep_token} What kind of audio is the coding format for? {sep_token} Other than storage, what is the common audio format used for? {sep_token} What does MP3 use to format it's data? {sep_token} Where will MP3 files most commonly be found? {sep_token}