It was google by the way, they thought it would be such a good file type it would replace the need for all other image files, that’s why anything they own or partner with tries to force it on us though no art programs can even work with it.
It’s way more efficient, a webp file is (in some cases) even 90% smaller than a png. It therefore speeds up loading for websites massively.
It’s recommended to change your images to webps… by the Google made lighthouse tool that pretty much every developer uses because it’s baked into chrome…