Storage format for images that can be used as graphic textures in 3D applications or computer games. It is also used in the CorelDRAW software as a Pantone Spot reference palette element for the purpose of applying colors to editable elements.
PNG is a raster graphic data storage format that uses lossless compression algorithm to Deflate. PNG was created as a free format to replace GIF. PNG supports three main types of raster images: grayscale image, a color indexed image and the color image. PNG format stores graphical information in a compressed form.