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Spline Dynamics is a well-known provider of progressive tools for 3D design, and their Proxy Textures plugin for 3ds Max demonstrates this well. This program not only creates version textures, but it does it with the lowest texture memory settings for most objects, allowing maximum resource economy.
Image 1: You can set it to use the original textures only during rendering, allowing smoother workflow while you work.
Image 2: Automatically generate low-resolution versions of your textures to enhance performance when working on complex, resource-heavy scenes.