Use the Panopto Assignments Folder for Student Video Submissions
Inside your course folder, there is a "dropbox" style sub-folder for student submissions.

Create a Video Assignment in Canvas
You can also allow students to record or upload videos to an Assignment in Canvas. Canvas Assignments allow you to grade and give feedback on video projects to individual students.

Submit to a Video Assignment in Canvas (student guide)
Student guides for uploading a video submission to an assignment.