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Wikipedia:
/”WebP is an image format employing both lossy and lossless compression. It is currently developed by Google, based on technology acquired with the purchase of On2 Technologies.
As a derivative of the VP8 video format, it is a sister project to the WebM multimedia container format. WebP-related software is released under a BSD license.
The format was first announced on September 30 in 2010 as a new open standard for lossy compressed true-color graphics on the web, producing smaller files of comparable image quality to the older JPEG scheme.[10] On October 3, 2011, Google announced WebP support for animation, ICC profile, XMP metadata, and tiling (compositing very large images from maximum 16384×16384 tiles)/”. Source https://en.wikipedia.org/wiki/WebP
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