It's the end of an era - MP3 format has been 'discontinued'

When MP3s came out, following the age of pencil-rewinding audiocassettes and ceiling-high CD stacking, they brought never seen before freedom in how we obtain music. Music suddenly became widely available and easily attainable via the Internet, thanks to the compression format. Psychologically, this has marked us to a point where we are likely to continue to call future portable music devices by the name of ‘MP3 player’, long after such devices have cut their support for the format. It has turned into a sentiment and a widely recognizable abbreviature for many of us, who were born when MP3 came about.
Furthermore, the vast expansion of music streaming massively reduced the amount of MP3s people download in general. Most of the music we listen to nowadays is contained and organised in virtual libraries, where files are compressed in better than MP3 formats. What the future holds in the post-MP3 era will certainly bring users better audio experience, as we move on to Internet-based music services. In any case, we’d suggest that you put your old MP3 players somewhere safe, as they now virtually have historical value.