New Dynamic Material feature in Details - UE5.1

In 5.1 there’s a feature - ‘Create Dynamic Material’ for material instances in the details panel.
When you upgrade a project from 5.03 project to 5.1 this feature is not enabled.
How do I enable this feature?

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Hey there! Did you finally fins a solution for this? I can’t fins this feature on 5.3. Thanks!

So I’ve finally found a solution in the comments of this video tutorial.

Dynamic Material Instances Per Actor, Pro Tip!

“For those who can’t find this button, it’s not a part of a vanilla UE. It is a part of a “Virtual Camera” plugin. Install it and the button will appear.”