As pointed out by @aarjithn, that WebP is a codec for storing photographs.
This is also a codec to store animations (animated image sequence). As of 2020, most mainstream browsers has out of the box support for it (compatibility table). Note for WIC a plugin is available.
It has advantages over GIF because it is based on a video codec VP8 and has a broader color range than GIF, where GIF limits to 256 colors it expands it to 224 = 16777216 colors, still saving significant amount of space.