WebP supports lossy and lossless compression, alpha transparency, and animation, and is commonly used to reduce image transfer size on the web. For photographs it can be smaller than traditional JPG at similar appearance, while transparent graphics may be more compact than PNG depending on content and settings.
This tool encodes a static source as WebP in the browser with a quality control. Modern browsers broadly support WebP, but old software, some print workflows, and some content systems still require JPG or PNG, so downstream compatibility should be checked before publishing.