wav does not contain metadata while flac does
Um, beg to differ. You are correct in that the existence of album art or metadata should make no difference to a properly behaving streamer. Perhaps @audiotroy you are conflating album art with metadata? I just converted a file from FLAC to WAV and it had artist, album, year of release, etc. but the album art did not make it over.
I found this interesting article on album art however, and it seems this is a rather new capability for WAV files.
Important to note that some metadata is required for WAV and FLAC as it describes the data in the audio data container that explains how the stream of bytes should be interpreted. Floating point vs. integer, number of channels, sample rate, etc. is all necessary for WAV files and part of the file format definition you may read more about here.
There is a second, optional part of metadata associated with human legible, descriptive tags. Not actually needed to play a file, but certainly needed to organize a music library.