Files with .ONE extension are created by Microsoft OneNote application. OneNote lets you gather information using the application as if you are using your draftpad for taking notes. OneNote files can contain different elements that can be placed at non-fixed locations on document pages. These elements may contain text, digitized handwriting, and objects copied from other applications including images, drawings and multimedia (audio/video) clips.
PNG, Portable Network Graphics, refers to a type of raster image file format that use loseless compression. This file format was created as a replacement of Graphics Interchange Format (GIF) and has no copyright limitations. However, PNG file format does not support animations. PNG file format supports loseless image compression that makes it popular among its users. With the passage of time, PNG has evolved as one of the mostly used image file format.
You can also convert ONE into many other file formats. Please see the complete list below.