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.
this is a new format that supports lossless and loss compression quality for images on the Internet. The Google Company developed this format specifically to do work online as quickly and conveniently as possible. The main advantage is that its file size is small compared to other image formats, but similar in image quality.