How to apply a shadow effect on the text?

To add a Shadow effect to an image or a video on the canvas:

Step 1: Select the media.

Step 2: Click on the Effects option on top to open the left panel.

Step 3: Turn on the Shadow option if it is off.

Step 4: We can then add a shadow color, change the shadow's opacity, adjust the shadow's distance and angle with respect to the media, and give it a blur if required.

Step 5: We can also choose from a few premade shadow effects available in the Presets option.