This format is used for storing several types of bitmaps, including animations. MNG allows you to store lossy and lossless images with compression. This format provides you with more options than GIF for saving animated files while keeping the original image size.
ICO is a file of this format usually contains a small image icons of different resolutions (16x16, 32x32, 64x64 pixels) and various color depths (16 colors, 32, 64, 128, 256, 16-bit, and so on). Used to display files and folders in the graphical user interface (GUI) operating systems. This format can be opened with the help of the program ACDSee.