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PNG is a lossless compressed image file format that supports transparent backgrounds and high-resolution images. It provides high-quality images without taking up too much bandwidth, so it is widely used on the web. It contains 24-bit RGB color images, 8-bit grayscale images, and 24-bit images with alpha channels, and supports multiple color spaces, including sRGB, Adobe RGB, and grayscale. It can be created and edited in many different applications, including Adobe Photoshop, GIMP, and Microsoft Paint.
Draco is a glTF extension for mesh compression, an open source library developed by Google for compressing and decompressing 3D meshes to significantly reduce the size of 3D content. It compresses vertex positions, normals, colors, texture coordinates, and any other general vertex properties, increasing the efficiency and speed of transferring 3D content on the web.