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.

What is TIFF?

The format print shops, scanners and archives run on. Lossless, capable of holding several images in one file, and old enough that everything in that world reads it. Files are large, which nobody in print has ever minded.