WebP is a modern image format developed by Google that provides superior lossless and lossy compression for images on the web. Compared to older formats like JPEG, PNG, and GIF, WebP generally achieves smaller file sizes while maintaining comparable or better image quality. This leads to faster page load times and reduced bandwidth consumption, improving the overall user experience. WebP supports both animation and transparency, making it a versatile format suitable for a wide range of image types, including photographs, graphics, and animated images. It utilizes advanced compression techniques, such as predictive coding and block prediction, to efficiently encode image data. WebP is widely supported by modern web browsers and image editing software, making it a popular choice for web developers and designers looking to optimize their images for the web. The format is open-source and royalty-free, encouraging its widespread adoption and continued development.