CoderzHeaven

To create gradient text in corona, you have to download ‘Corona daily build 612′ which has functions like setFillColor() etc.
You create a new gradient object by calling graphics.newGradient().
You can pass (and reuse) the object in calls to text:setTextColor() and rect:setFillColor().

Here is an example.

local myText =
    display.newText( "Hello, World!", 0, 0, native.systemFont, 40 )
myText.x = display.contentWidth * 0.5
myText.y = display.contentWidth * 0.25
local g = graphics.newGradient( { 180, 180, 0 }, { 255 }, "down" )
myText:setTextColor( g )

This is really simple in Corona, just use textObject:setTextColor( 255,255,255 )

local textObject = display.newText( "Hello World!", 50, 50, native.systemFont, 24 )
textObject:setTextColor( 255,255,255 )