Hello, it does not use sprite sheet from what I've seen for now (it's still in Early Access after all).It uses Effekseer animations, but not in "*.efkefc" format.The format used in Bakin is "*.efk".
Ah so it's not backwards compatible, ie, you can't put Bakin anims into MZ
No, but my products will contains both versions, so it's usable everywhere (as most as possible)