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choose the rectangle tool draw a rectangle without a stroke on the label adjust it accordingly when you finish press enter right click and choose convert to smart object reduce the opacity choose the move tool press ctrl t right click and choose warp change the warp to arc lower adjust the lower arc accordingly now change the warp to custom start adjusting the angles set back the opacity to 100 double-click on the smart object place your design and then press save add some shadows and lights thats it hope you liked it subscribe to my youtube channel for more tutorials and hit the like button