When I saw this back in 2016 I was still at the early stages of learning about the street art scene in Bristol (in fact I am still learning every day) and I knew little about the RAW crew and the artists constituting it. While it is obvious that the character on the right is by Jaksta (the medallion gives this away) the writing is less obvious.
It looks like the letters say WARE to me, but here I am showing my ignorance because I don’t know the artist at all. The writing is beautifully executed and I love the musical notes sitting on the midway line on the blue letters. A really nice piece of street art for the festival.