glTF (derivative short form of GL Transmission Format) is a file format and extension for 3D scenes and models using the JSON standard. It is an API-neutral runtime asset delivery format developed by the Khronos Group 3D Formats Working Group. It was initially intended to be an efficient, interoperable format with minimum file size and runtime processing by apps.
Being called ‘JPEG of 3D’, GLTF is indeed a star of 3D model formats. Standard for many 3D applications and game engines, it is especially prominent as a common publishing format for 3D content tools and as the format of choice for web apps.
Collada (COLLAborative Design Activity) is an interchange format for interactive 3D applications. Originally developed by Sony Computer Industry, now it is managed by the Khronos Group, a member-funded industry consortium, which now shares the copyright with Sony, Recently Collada has been well adopted by ISO as a publicly available specification, ISO/PAS 17506.
It is an XML-based schema that allows data exchange among 3D Digital Content Creation tools, such as SketchUp, Maya, 3ds Max, and Rhino. COLLADA files have the *.dae file extension, which stands for digital asset exchange.
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