
Step 1: The text.
Almost any font will work with this text effect. But for the sake of the effect name choose a fantasy style font. The font I used is Witchic Blackletter (you can buy it from a font store). And I used my own name as text. For the k in my surname, I typed it with a capital K, because the font doesn’t have a good small k (and not a very good capital R by the way. So if you want to buy a font, check every glyph.
Step 2: Text Effect.
Now it is time to build the effect. For this we’ll need two copies of the text. Each copy will have a different set of Layer Styles.
Copy 1 Layer Styles:


The first Tthing to do is the Bevel & Emboss. The contour is showed in the photo left.
Second style of the first copy: Innes Shadow:

Next is: Color Overlay:

Last one: Pattern Overlay:

The pattern I used is a black-white photo of a damaged wall structure. You can use different textures, like paper, of anything grainy.
The last thing to do with this first copy is a Gaussian blur of 0,5 px.
Copy 2 Layer Styles:
Again go to Bevel & Emboss:

The contour needs a bit work (see photo right).

And we’ll also add a Gaussian blur of 0,5 px on this copy.
This is the effect.
What I did extra is:
Background:
- A background with clouds.
- Add a layer filled with solid black. Then go to Filter -> Render -> Lens flare. Set the Blend Mode to Screen.

Extra Clouds:
- Paint some clouds on a New Layer in front of the text. This will give a sense of depth.
Flares:
- I also painted some flares in orange, yellow and white. Set the Blend Mode to Screen and the Opacity between 85 – 100%. I created 5 flares and placed them random on the text.
Adjustment Layers:
The Adjustment Layers I used on top of everything are:
- Color Balance
- Levels
- Again Color Balance
- Photo Filter
And done!