How to change favicon icon

What is favicon
A favicon is a small, 16x16 image that is shown inside the browser's location bar and bookmark menu when your site is called up. It is a good way to brand your site and increase it's prominence in your visitor's bookmark menu.

How to change favicon icon
To change favicon icon, just replace the favicon.ico icon from the theme folder (lava) with your own favicon icon. Name of favicon icon must be favicon.ico

You can use some free service to create your own branded favicon icon like Dynamic Drive FavIcon Generator