What is DDS?

DirectDraw Surface, which is how game textures are stored for the graphics card. Block-compressed so the GPU can read it without unpacking, and usually carrying a whole chain of mipmaps. Open a game's files and this is most of what you'll find.

What is WebP?

Google's format for the web, and a genuine improvement on both of the formats it replaces: lossy like JPG or lossless like PNG, transparency either way, and usually about 30% smaller. Every current browser reads it. Software that stopped being updated around 2019 often doesn't.