How to add a Papercut Effect using Adobe Photoshop

From the layers panel

step 1

Select the object layer and double click 

To get the layer style panel

From the layers style panel

step 2

Choose the inner shadow option and adjust the options

Now copy the exact same effects to other objects in your creative 

step 3

By hitting right click and then copy layer effect

Paste layer effect on the new object layer effect

step 4

By right-clicking and selecting paste layer effect

Watch the video here

You can learn how to do this too

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