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.
This file format is used to transmit image data. It contains a set of images that can be linked to form an animation. It is used to store non-compressed bitmap images in 24-bit color created using MTV ray tracer.