ISSUES:
1. Can't view GIF images sent to you in a team message and instead see a link like this below
2. Sending GIF images through team messages is not possible.
RESOLUTION:
Follow these steps to enable "Optional connected experiences" in Microsoft Teams settings:
Step 1 & 2: Click on the Three Dots beside your profile then select Settings
Step 3 & 4: Select "Privacy" then enable "Optional connected experiences"