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Matt from GiveWP introduces a new form template called "Classic." He provides an overview of existing templates: "Multi-step," a modern donation form allowing donors to navigate one step at a time, and "Legacy," the original template from 2015, which is customizable but will eventually be retired due to outdated rendering methods. The upcoming release aims to establish a new form building and rendering approach that enhances flexibility and opens up numerous opportunities for users, paving the way for future advancements in donation forms.