You can edit the shape, color and text easily on AI, and EPS files. While layered Smart Objects of the blank badges are used in the PSD. I also provide blank badge with transparent background in PNG (2500x2500 pixels) for each design. You can only edit the text for the PSD and PNG files in Photoshop.
Take a closer look for each of the Vintage Piano Badges in my Audee on Creative Market shop.