Step 1 Background
Since this text effect looks best on dark colored backgrounds, lets create one. Using the color #0f1c25 and black, create a radial gradient from the center of your document.

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Step 2 Setting the Type
Lets set some type in the document to use the effect on. Bolder and stronger fonts will work better!

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Step 3 Setting Up the Layer Style
Go into your text layers Blending Options (Right Click Layer > Blending Options).

Apply the layer effects shown below, making any modifications as needed.
Drop Shadow
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Outer Glow
#afd3e2
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Inner Glow
#93c1d4
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Gradient Overlay
#afd3e2 to White
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Result
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