WebP has been developed by Google to be able to create smaller and better-looking images that can help make the web faster. A WepB file consists of VP8 image data, and a container based on RIFF. It is a new image format that uses lossy compression for photographic images.
WebP is an image format employing both lossy and lossless compression, along with animation and alpha transparency. Developed by Google, it is designed to create smaller or better-looking images compared to the JPEG, PNG, or GIF image formats.