AMP is a Google project to make page loading faster with the help of caching.AMP promises to improve the  google page ranking.

You can convert your existing site to AMP page.  You can visit this site for more details https://www.ampproject.org/support/faqs/overview on how to convert a site to AMP

You can then validate if the page is following AMP standard or not at the below link
https://search.google.com/test/amp?utm_source=gws&utm_medium=onebox&utm_campaign=suit

The drawback is that AMP does not support all html tags and sometimes the page takes time to refresh. There are templates and plugins available in popular CMS like wordpress to enable AMP.

Many news publishers use AMP pages for improving the page ranking like CNN and Washington Post.