What are the alternatives to GIF?

What are the alternatives to GIF?

PNG and MNG are the alternatives for GIF.

PNG:

- GIF images are limited to 256 colors.

- PNG format supports palette-based images, Gray Scale images.

- PNG also supports full color non palette based RGB images.

- PNG format is suitable for transferring images on internet.

- PNG is not for professional-quality print graphics.

MNG:

- MNG is closed to PNG format.

- Better compression standard than GIF

- Integration of PNG and JPEG based images.

- Supports transparent JPEG images.