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How come you dont use GIF for the file format, its smaller and saves space when saving or pasting on the Internet?

April 26, 2017file format GIF internet pasting saves Saving smaller

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How come you dont use GIF for the file format, its smaller and saves space when saving or pasting on the Internet?

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The GIF format is actually owned by a company and they are charging royalties to use it. We would like to use the PNG format, which has been redesigned by the creators of the GIF format, but it is still not as universal as JPG.