Computer Graphics Metafile (CGM) is free, platform-independent, international standard metafile format for storing and exchanging vector graphics (2D), raster graphics, and text. CGM uses an object-oriented approach and many function provisions for image production. CGM uses these object-oriented characteristics for remolding graphical elements to render an image. A metafile contains necessary information that defines other files. In CGM, a text-based source file contains all graphical elements that can be later compiled into a binary file.
WebP, introduced by Google, is a modern raster web image file format that is based on lossless and lossy compression. It provides same image quality while considerably reducing the image size. Since most of the web pages use images as effective representation of data, the use of WebP images in web pages results in faster loading of web pages.
You can also convert CGM into many other file formats. Please see the complete list below.