In other words, WebP is a relatively new image format that allows developers to reduce their websites/applications weight by using compressed images. If you work in the IT industry, you certainly are…

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WebP is an image format employing both lossy and lossless compression, along with animation and alpha transparency. Developed by Google, it is designed to create smaller or better-looking images compared to the JPEG, PNG, or GIF image formats. The use of WebP images provides several advantages over web sites and mobile apps: Reduces the total weight, making contents load faster.

WebP images — A next generation format

Bonus Track — bash script for lazy devs

In most cases AVIF is even smaller.
 
I typically offer AVIF with fallback to WebP with fallback to Opti optimized PNG or Jpeg MozJpeg encoded.
With the picture tag you can have fallback srcsets for modern image formats.
<code>&lt;picture&gt;&lt;source type=&quot;image/avif&quot; srcset={avif_srcset} /&gt;&lt;source type=&quot;image/webp&quot; srcset={webp_srcset} /&gt;&lt;img src={image_url} srcset={img_srcset} ... /&gt;&lt;/picture&gt;</code>