Convert ANI to PNG

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Export of Windows animated cursors (.ani) to a PNG graphics (.png) is certainly doable, however only one frame from the animation will be saved. Essentially ANI file is series of frames (pictures) that are saved in a sequence to animate them. Which means that from a single .ani file, you could in theory export several images (essentially ani to png conversion) and save them as .png files, or any other similar graphics files.

Open ANI file    Open PNG file