Need unique logo for gaming company with a few frames to let it animate

Gaming Logo

Hi, worked hard on this one, I hope you like it. Tried to make a cartoonish squid grabbing the letters. Also tried to use a crazy color scheme with a lot of contrast. On the first page you have the color version and on page 2 you can see black and white version. About the animation I was thinking in some ink dripping or maybe giving movement to the background elements. Let me know what you think about my work and remember anything can be modified!