This is an original Eraser Text effect. Just edit the text and let the smart layer do the work for you.
Beautiful text style, we have featured in our roundup of latest free PSD text effects. Here’s the link : http://designimag.com/latest-free-psd-text-effects/
thanks a lot, its beautiful
This is too cool for school. Sorry if this obvious to everyone else…but what font are you using in this example? Anyone?
Open the smart object and check the character