Branding

For setting the favicon, site title, and tagline of the website, you have to navigate through

Dashboard >> Appearance >> Customize >> Site Identity.

Site Title

Site Tagline

Site Logo

 

Favicon

The favicon can also be added on the same page, it’s the WordPress default option, and you can use image size 512*512 for it.
A favicon can also be added as favicon.ico inside the root folder of WordPress Installation.

Update on June 13, 2022