WebP images are a modern file format created by Google in 2010 to compress images in both lossless and lossy formats. WebP images are considered superior to other file formats because they use predictive encoding to create an image that is 25 to 35% smaller than a comparable JPEG image or PNG. WebP supports animation, alpha transparency, and millions of colors, combining the best of PNGs, GIFs, and other popular file formats. WebP images are now supported by 95% of browsers worldwide, including Google Chrome, Firefox, Edge, and Opera.