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Effects can be added to any Layer and will change how the output looks. Multiple effects can be added to create an Effects Chain, their order in the chain will affect how the final output looks.
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Effects can be reordered within the chain using the up/down arrow buttons.
Effect Types
Invert
Invert layer in X or Y axis
Cubemap to Equirectangular
Converts between the selected Cubemap Format and Eqirectangular.