In this every-tuesday.com video tutorial, we create paint streak typography using Photoshop and we finish it off by adding shadows + highlights to add extra dimension. See it all here! http://every-tuesday.com/how-to-create-paint-streak-typography/
A Gallery of Eye Popping Photoshop Text Effects Tutorials
I couldn't find out who designed this, but it's a very well done illustration. It really looks as if it has true depth. It seems to be done with pencil and ink. What really attracted me to this was the detail and time it must have taken to plan out something like this. It has so much shape and dimension, it's practically alive.