Instagram's new Hyperlapse app for 2014 has just been launched, according to a report by Techcrunch.

This new app takes photography to the next level by producing timelapse videos out of the standard video from the camera in a smartphone, as reported by Techcrunch.

The Hyperlapse app was launched following the release of the Bolt app in the market. However, the new Instagram Hyperlapse app for 2014 is likely to show more potential for success for the Snapchat photo sharing app than Bolt does.

Instagram's new Hyperlapse for 2014 was released at 10 am PT yesterday. It allowed I Phone users to produce professional timelapse videos without making use of costly photo taking tools such as, pro-cameras, steady mounts/tripods.

The Hyperlapse app implements the image stabilization effects that produce movement data from gyroscopes.

By incorporating Instagram's new Hyperlapse app for 2014, Instagram seemed to have learned its lesson well from its Video and Direct apps. The photo sharing site seemed to have realized the importance of getting this brand new app available for easy access for all its users, instead of restricting its accessibility to particular community of Instagram users only.

The Hyperlapse app highlights the easy-to-use features for its users to enjoy. Users can only adjust the playback speed to customize the photos captured using this app.

The new Hyperlapse app will enable users to have more personalized photo-sharing experiences in Instagram that they've never experienced before.