Quoted from centerflank:How is it setup now? Is there a chip for it to put in your board or is it specifically in each DMD?
ed- by your post sounds like no chip.
From my understanding the software specific to each machine and is setup to be colorized with an associated key.
according to colordmd website
If I buy a ColorDMD for Game X, can I later update it to work with Game Y?
No. For multicolor operation, the ColorDMD is configured during manufacture to colorize a specific game through a product key that is unique to each driver board and game. However, the ColorDMD may be moved to another game and operated in single-color mode.