A video compression codec that Google (https://www.youtube.com/testtube) and Netflix (http://www.csimagazine.com/csi/Netflix-AV1-is-our-primary-next-gen-codec.php) have supported. 20-40 times smaller files.
Admin Note:
Due to limited browser support for AV1 videos, it's unlikely that we'll build this capability unless there's full browser support.
John Higgins
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Video is highly crucial for today's very short attention spans. Being able to deliver high-quality and compressed video is key to be able to stand out.
Any update on this? Seems like Webflow is unable to transcode AV1 when being uploaded.