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Hyperlapse from Instagram

Because they put it so well in the video’s description,

With Instagram’s video stabilization technology built-in, Hyperlapse lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment.

This first video shows video recorded without and then with the stabilization applied.

The next video shows many more examples of this effect.

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