The idea about a dot in the "O" of EOMA made me think of fonts where the dot is in the 0 (zero) to distinguish it from O (capital letter O) As we all are somehow computer related I would find such a design confusing.

If it was really to be in honor of the modularity and progress of blender, one would want to make the "O" not really in any particular font, but to look exactly the shape blender logo, except without the flay or the color scheme: a perfect solid-color circle within another perfect circle. It wouldn't theoretically be confusing because the mark you are thinking of is a hollow circle in an oval. Letter-o'es and zeroes can only sometimes be confusing because in some fonts they are both written as vertical ovals, not just the zero.

I'm not sure on the required dimensions of a certification mark, however, the solid-shape flag-esque convention I've noticed among popular one's, often seems to detract from the continuity of the design on the objects that bear them, making them seem particularly foreign and like they don't belong. The vaporwave-esque color palate which most of them choose only add to this affect, as if they themselves are trying to distance themselves on some subconscious level from their endorsements.

As a side effect to this, it makes them harder to trust. Any symbolism of any significant body, displays historical awareness.. It's what tells people whether they can trust it, before reading or attempting to judge it. Therein lies the axiom, there is no such thing as an original thought, so, if by means of arbitrary work dedicated to make more concise and thoroughly plastered an announcement of what historical or cultural event may have inspired such thoughts and such work, people will then engage in the arbitrarily difficult work of judging whether the project is sincere or not.

In other words, if we don't display more than necessary effort in our symbol that can be recognized with several magnitudes less effort than it took to generate, then no highly-self-valuing person will have any sane reason to take us seriously, because if they took every slightly promising project, which failed to create a Sybil-certificate reputation in this manner, then they would never find a single valuable project in their lifetime (obviously this is an exaggeration).