Add this layer style too.

The grudge illustration

Switch on the 3rd copy and set it's opacity down to about 40% ? 45 %.

The grudge illustration

There are more details. And I did some painting here using mere SOFT brush. Crop the image if you like.

The grudge illustration

Now link the layers (with black background) and merge them.

The grudge illustration

Use noise filter.

The grudge illustration

Add
  
a Hue\Saturation layer and play with settings to fix the colors.

The grudge illustration

Now it is time to use text.

The grudge illustration

Use these text layer styles:

The grudge illustration



The grudge illustration



The grudge illustration

And we are done here. The text RAiNEND has just one layer style. A little bit of white (mode normal) drop shadow.

The grudge illustration