Text "interference" effect with shader editor

Hello everybody!
I’m trying to make text “interference” effect like in the gif that I’ve provided below.
Has anybody develop kind of this effect? ezgif-6-84fe0a9a5284

In this case, I assume that instead of text there will be a picture, say .png.

hi
https://www.babylonjs-playground.com/#40Y6CY#117

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Thank you so much!
It seems like solution for me&

You can look up the Thanos effect I did as well. It’s in the example scenes

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