Fantasteam Logo?

I've been working on a logo for my "Akiniwazi" Fantasteam project just for the heck of it. I showed it to my wife who said "I don't get it." So hopefully, I can get some feedback from anyone interested on their impressions of this logo concept. It's rough and needs a lot of editing, but think it has something here. This is version 2b.

What do you think?