The Third Edition of Portable Network Graphics (PNG) today became a W3C Standard.
It adds support for High Dynamic Range (HDR), and adds Animated PNG to the official standard.
Portable Network Graphics (PNG) Specification (Third Edition)
This document describes PNG (Portable Network Graphics), an extensible file format for the lossless, portable, well-compressed storage of static and animated raster images. PNG provides a patent-free replacement for GIF and can also replace many common uses of TIFF. Indexed-color, greyscale, and truecolor images are supported, plus an optional alpha channel. Sample depths range from 1 to 16 bits.