The laurel wreath symbolizes greatness, and inside we can see the flower of life, which represents the prosperity of our race and the bloom of life, and it's officially the symbol of Asgardia...
Colors: the pale blue represents the sky, and the limits we already surpassed; the dark blue, represents depth, tranquility and integrity; Black represents mystery, depth... and the white on the symbols represents us, the light in the darkness, the greatness of our race and the growth of it.