Thats right! You heard correctly, there is an api called “PTEX” that does it automatically for you. No farting about with UV’s to get the texture right!
Have fun simply doing 3d painting on your model!!!
currently 3 tools support it, 3D COAT, HOUDINI and MUDBOX.
Soon BLENDER will have it!!!
Is it free? Why yes it is!!! Its open source and free fall!!!
Made by Walt Disney Animation Studios!!!http://ptex.us/
Enjoy!!! And have fun modeling and painting your characters!!!
Regards Moggy