Using Modern Image Formats: AVIF And WebP
Smashing Magazine
SEPTEMBER 29, 2021
Assuming encode/decode speeds meet your needs. If both AVIF and WebP are not viable options, consider evaluating MozJPEG (optimize JPEG images), OxiPNG (non-photographic images), or JPEG 2000 (lossy or lossless photographic images). Encode/Decode Speed. It was released in February 2019 by the Alliance for Open Media (AOMedia).
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