JPEG 2000 (JP2) is an image compression standard and coding system. It was developed from 1997 to 2000 by a Joint Photographic Experts Group committee chaired by Touradj Ebrahimi (later the JPEG president), with the intention of superseding their original JPEG standard (created in 1992), which is based on a discrete cosine transform (DCT), with a newly designed, wavelet-based method. The standardized filename extension is '.jp2' for ISO/IEC 15444-1 conforming files and .jpx or .jpf for the extended part-2 specifications, published as ISO/IEC 15444-2. The MIME types for JPEG 2000 are defined in RFC 3745. The MIME type for JPEG 2000 (ISO/IEC 15444-1) is image/jp2.
The JPEG 2000 project was motivated by Ricoh's submission in 1995 of the CREW (Compression with Reversible Embedded Wavelets) algorithm to the standardization effort of JPEG LS. Ultimately the LOCO-I algorithm was selected as the basis for JPEG LS, but many of the features of CREW ended up in the JPEG 2000 standard.