Transparent text cut out of background

Question

Is there any way to make a transparent text cut out of a background effect like the one in the following image, with CSS?
It would be sad to lose all pr

Answer 1

just put that css

    .banner-sale-1 .title-box .title-overlay {
      font-weight: 900;
      overflow: hidden;
      margin: 0;
      padding-right: 10%;
      padding-left: 10%;
      text-transform: uppercase;
      color: #080404;
      background-color: rgba(255, 255, 255, .85);

      /* that css is the main think (mix-blend-mode: lighten;)*/
      mix-blend-mode: lighten;

    }