Photoshop's Knockout options allow a layer to punch a hole through other layers without using any masks. In 2 minutes, we're going to learn how to use this feature.
We will work with 3 layers, and then use the Knockout feature in Photoshop to allow the text layer to punch through the rectangle below it and reveal the sky background.
Sky background: https://1.envato.market/QOEBxz