A favicon is that stylish little icon that is displayed in your browser next to the website address. If you’re wondering where the name came from then its short for “Favourites Icon”. Its called that because if your visitors add your site to their favourites then it will also shows up on their list making your site stand out that little bit more.
Recently, I created a favicon for my new blog. Before I start working, I searched on the net for a while and found some great online tools for it. Here, I wanna share them with you.
Please don’t hesitate to share yours.
Enjoy them. 
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I really like your favicon. You should buy its rights and add a (R) to the favicon:) IMO icon would look good in the banner. Also thanks for useful info.