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In the Properties of a Text object you can configure the following settings:
The Text Properties do not differ from the Text Properties for images. In this case only the Show text with image option is not available. The Text object is an independent Object, nonetheless, it can be faded into images and videos.
If you want your text to be moving along a movement path, please have a look at chapter Text with movement paths.
Animated transparency is described in the design options under Animated transparency.