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WebP support is coming to WordPress 5.8. This modern image file format was created by Google in September 2010, and is now supported by 95% of the web browsers in use worldwide. It has distinct advantages over more commonly used formats, providing both lossless and lossy compression that is 26% smaller in size compared to PNGs and 25-34% smaller than comparable JPEG images.
WebP is currently used by 1.6% of all the top 10 million websites, according to W3Techs, and usage has increased over the past five years.
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