It looks like the the creator (Jon Sneyers) has since (2019) made another image format more focused on the lossy compression, FUIF[0], which itself has been subsumed by the JPEG XL format[1]. I hope the "JPEG" branding doesn't make folks think that JPEG XL isn't also a lossless format! [0] https://github.com/cloudinary/fuif [1] https://jpeg.org/jpegxl/index.html
JXL is an interesting standard. Integrates a recompressor that shaves ~20% off .jpgs without further loss(!), FUIF for essentially-lossless images in a progressive/interlaced mode like this, a separate lossless format, and a new lossy format with variable-sized DCTs and a bunch of other new tools (other transforms for DCT-unfriendly content, postfilter for DCT artifacts, new colorspace, chroma-from-luma...). It's int…
> Input: 61710Bytes => JPEGXL: 35845Bytes 0.58% size of input
I think someone forgot to multiply by 100. (too bad, I mean 172x compression would be even more amazing!)