WAV is audio with nothing taken away: every sample intact, every megabyte accounted for. It was born in 1991, Microsoft and IBM, and its real weak spot is being carried around: it refuses to shrink.
WEBM is video the way browsers like it: open, royalty-free and built to stream. A Matroska-based container restricted to VP8/VP9/AV1 video with Vorbis or Opus audio. That makes it the right destination when what you need is embedding on the web without licensing worries.