Megan Bannister is proposing an animation project titled "Cozy Trading" using Photoshop. The 2-minute trailer will showcase a fantasy pixel art game focused on trading between non-human NPCs while conveying messages of hope and kindness. Megan has experience with Photoshop and Premier Pro from previous projects and wants to improve animation skills. Research plans include pixel art techniques, animation tutorials, and alternative platforms. Progress will be evaluated weekly and a final self-analysis conducted to improve future work.