According to ElevenLabs (@elevenlabsio), their SFX v2 sound effects powered by AI are now accessible in both MP3 and WAV formats across all subscription plans, including the Free tier. This development enables users to generate and download high-quality, AI-generated sound effects for diverse applications such as gaming, video production, and digital content creation. The expansion of format options increases usability for professionals and creators, opening new business opportunities in content personalization and audio production using generative AI tools (source: @elevenlabsio, September 2, 2025).