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Description:
This video overviews and demonstrates Material instancing, allowing you to copy and customize an existing Material.

A link to the wiki for further notes is available here -
https://wiki.unrealengine.com/Materials_Tutorial:_Material_Instancing
(00:05) - Material Instancing Defined
(01:57) - Instances and Parameters
(04:34) - Scalar and Texture Parameters
(08:56) - Creating a Parent Material Instance
(15:05) - Editing Parameter Groups