Design Web Format (DWF) represents 2D/3D drawing in compressed format for viewing, reviewing or printing design files. It contains graphics and text as part of design data and reduce the size of the file due to its compressed format. The reduced file size makes the distribution and communication of rich design data efficient. DWF doesn't require the recipient to know about the usage of CAD software that created the original drawing.
JPEG 2000 (JP2) is an image coding system and state-of-the-art image compression standard. Designed, using wavelet technology JPEG 2000 can code lossless content in any quality at once. Moreover, without any substantial penalty in coding efficiency, JPEG 2000 have the capability to access and decode the same content efficaciously into a variety of other resolutions and qualities. The code streams in JPEG 2000 is significantly scalable having regions of interest that provide the facility for spatial random access. Possessing Up to 16384 diverse components with the dimensions in terapixels, and precision that can be high as 38 bits/sample.
You can also convert DWF into many other file formats. Please see the complete list below.