You can use SHAREfactory to change the playback speed of the clip that you want to edit. You can now make various alterations to your video clips, some of which are discussed below: Simply press the SQUARE button on your Dualshock 4 Controller to modify the video clips, and press the X button to add items to your timeline.

You can add multiple effects to it with the help of SHAREfactory now. Although sharing game videos and screenshots is a heavily touted feature, not everyone is inclined to do so, and Sharefactory's prevalence, or lack thereof, cements this.You will now be presented with the Timeline for your project. Even with over 30 million PS4s sold, it's not too surprising to see so few with the Sharefactory app.

'Since launch, we've seen an explosive growth, with more than 5.1 million downloads of the Sharefactory app, and more than 18.9 million awesome projects created by our PlayStation Nation,' wrote Platt in his post. Perhaps the most telling piece of information is how Sharefactory is performing. Two music tracks, three filter effects, three wipe transitions, five dissolve transitions, a new colour picker, and an enhanced text colour palette also are present with the latest update. Text is now referred to as overlays, and stickers can be layered. Furthermore, you can now add up to 50 video clips to a Sharefactory project and up to 12 music track clips as well. As per Platt's post on the PlayStation blog, the first event is being planned and will happen soon. These will be conducted by game developers and publishers, allowing you to show off your editing skills. In addition to this, there will be Sharefactory Events. According to Stuart Platt, Senior Producer at Sony Computer Entertainment America, it's been a popular request from vocal PS4 users. You can now add slow motion and time lapse effects to your videos.

Sony's Sharefactory video editing app for the PS4 just received a massive update.

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