WMA is a proprietary audio container format of Microsoft. There are 4 codec used in WMA – WMA, WMA Professional, WMA Lossless and WMA Voice. It uses one of the four WMA codec to encode audio. WMA contains the audio file in Advanced Systems Format (ASF) format. The ASF file decides how the metadata will be encoded.
MP3 is an audio format that can compress and encode an audio file. It uses the lossy compression algorithm to contain audio data. The lossy compression helps to reduce the data significantly without losing audio quality. MP3s are created using different bit rates maintaining the original quality.
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