SkyFloatingLabelField from Skyscanner is an open source component allowing you to create text labels with floating labels with a wide variety of customization options and features.
SkyFloatingLabelField supports icons, easy color customization, font customization and has different states available for further various states based on user actions (such as an incorrect entry).
This animation from the readme shows SkyFloatingLabelField in action:
You can find SkyFloatingLabelField on Github here.
A nice component for creating floating text field labels.
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