I actually really like this tag. Yes, there is a ton of negative space, but it's nice imo. The B&W works nicely here. The text is alright, it's definitely an improvement from some of the other fonts I've seen you use. Smudging isn't bad either, although you might want to add a bit more detail to it. Define the light source a bit more, too. But good job, I like this tag a lot. It's simple in a really nice & stylish way.
