Way back in 2018, Microsoft confirmed that the Snipping Tool is going away and the modern 'Snip & Sketch' would be the default app for all your screenshots. In Windows 10 October 2020 Update or later, the legacy Snipping Tool still comes pre-installed and it cannot be removed.
What is replacing the Snipping Tool?
Users had been given notice that Snipping Tool was being abandoned in 2018, with another app called Snip and Sketch aiming to replace it. However, Microsoft reversed this stance and is now merging both apps into a redesigned Snipping Tool that's tailor-made for Windows 11.
Is Microsoft discontinuing Snipping Tool?
Snipping Tool is replacing the classic Snipping Tool and Snip & Sketch apps to bring an updated experience of screen capture with Windows 11. Microsoft is all set to revamp built-in apps with Windows 11.