What does 'WebP Format' mean?

WebP format is a modern image file format specifically designed for use on the web. It offers a more efficient and superior alternative to traditional image formats such as JPEG, PNG, and GIF. One of the standout features of WebP is its ability to compress images without compromising on quality. This is achieved through a combination of lossy and lossless compression techniques, resulting in significantly smaller file sizes compared to other formats. As a result, websites that use WebP images load faster, providing a smoother