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Trametes versicolor
Velvety, thin, flexible tough fibrous and persisting. Concentric zones of different colors, white, buff, yellow, brown, reddish, blue, and even black. History of medicinal use in some Asian cultures
Growing extensively on hardwood substrates and rarely on conifers.
Found growing on a log on the side of a trail. May be this: Stereum ostrea I'm still new to identifying fungi.
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