How to apply a Shadow effect on the text?

Here is a short video that will take you through this process:

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: Make sure the Shadow option is active.

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.