AVIF for the win!
The world has long awaited an image successor to GIF and JPEG. So many have tried and failed that it's easy to give up hope but a new entrant shows strong potential: AVIF, a frame-based derivative of the popular AV1 video format that has taken the Internet by storm. It has a long way to go to unseat the undefeated challengers, but worth keeping an eye on.
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