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The video tutorial discusses different types of logo designs such as word mark, lettermark, brandmark, and pictorial emblem. Lettermark, also known as monogram logos, use initials of a company or brand when the name is too long. For example, NASA stands for the National Aeronautics and Space Administration. Monogram logos are suggested for clients with long brand names that may not work well as a logo. They can be tricky to work with as they require making a handful of letters iconic and stand out.