The Webp is a Google-developed modern image format that provides superior lossless and lossy compression for images on the web. By using the WebP, webmasters and web developers can create smaller and richer images that make the web faster. Nowadays, Facebook has begun to use this Webp format to lower their network cost. The WebP related software is released under a BSD license. The format was first announced on 30 September 2010 as a new open standard for lossily compressed true-color graphics on the web, producing smaller files of comparable image quality to the older JPEG scheme.