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WEBP is an image file format developed by Google. It uses advanced compression technology to provide better image quality and smaller file sizes. WEBP files can contain 24-bit RGB color images and 8-bit grayscale images, support transparency and animation, and can be created and edited in many different applications, including Adobe Photoshop, GIMP, and Microsoft Paint. The advantages of the WEBP file format are that it can provide better image quality and smaller file sizes, making it a very useful image format, especially on the web. The WEBP file format also supports lossless compression and lossy compression, which can be selected as needed.