Help! Can i display a base64 encoded image?

Hi everyone,
I want to create a project but before i start working on it i want to make some questions.
First of all i'm new to Arduino.

Components:
Board: Adafruit HUZZAH ESP8266 Breakout : ID 2471 : $9.95 : Adafruit Industries, Unique & fun DIY electronics and kits
Display: 2.8 TFT LCD with Cap Touch Breakout Board w/MicroSD Socket : ID 2090 : $39.95 : Adafruit Industries, Unique & fun DIY electronics and kits

Description:
I want to create a project that via wifi open a specific web page every x seconds and picks an image to display it on its LCD.

In the web page theres only the image that can be a normal jpg or png or it can be coded to a base64 image.

Can someone helps me?

Sorry for my bad english.