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FLV (Flash Video) is a video format developed by Adobe for use with Flash Player. It was once a standard for video streaming on the web, particularly on platforms like YouTube. FLV files offer relatively small file sizes and quick streaming, but Flash’s decline has made the format largely obsolete. FLV is still supported by some media players and can be converted to modern formats like MP4 for continued use. It is no longer recommended for new projects.

WAV (Waveform Audio File Format) is a raw audio format developed by Microsoft and IBM. It stores audio in an uncompressed format, making it suitable for high-quality sound editing and archiving. WAV is often used in professional audio production because it retains all audio data without any loss. Although WAV files can be quite large, they offer pristine audio fidelity and are supported by nearly all audio software, operating systems, and media players.