Is AVIF better than other codecs? Out of all, AVIF appears to be the most promising of all codecs. With the highest compression rate in the industry, it is supported by a wide range of applications. Several leading technology companies are developing AVIF. The licensing of their codec patents was designed to build a long-lasting ecosystem. Netflix considers AVIF to have superior compression versus image quality over JPEG and even WebP.
Primary sources
1. AVIF - The Full Guide and FAQ2. AVIF AOMedia Specification3. AVIF Wikipedia4. Jake Archibald Article5. AVIF Netflix article