On the heels of Lumia Denim update roll-out, Microsoft Mobile has just released a new app called Lumia Moments to Windows Phone store. The app allows to extract action shots and even create living images from videos or 4K Moment captures (from supported phones like Lumia 930, Lumia Icon and Lumia 1520, read more here). It is only available for Lumia 830, Lumia 930, Lumia Icon and Lumia 1520, though.
Lumia Moments description:
With Lumia Moments you can extract great action shots from your videos or 4K Moment shots on your Lumia (or full HD shots on the Lumia 830).
Use Best Frame to find pictures and save them as Living Images, then see them brought to life in the camera roll or Lumia Storyteller. Action Shot lets you add a strobe effect to show action or add blur to emphasize motion.
Lumia Moments is available for Lumia 830, Lumia 930, Lumia Icon and Lumia 1520 as part of the Lumia Denim update. To get the latest software update for your phone, go to Settings > Phone Update
Thanks Pank for the tip. Cheers!!