Considering Deadpool’s very meta humor though, there may be more to it. In front of the 20th Century Fox logo, there’s what looks like the remains of a missile embedded in the sand.

Ryan Reynolds' Original ‘Deadpool & Wolverine' Plan Was to Shoot It Under the Disguise of an ‘Awful' Fake Movie, Then ‘Five Minutes in the Marvel Logo' Appears© Provided by Variety ...

Instead of featuring the original logo release with Ryan Reynolds and Hugh Jackman’s initial teaser for the project, Feige’s new hat splits the faces of Deadpool and Wolverine—complete with ...

The set photo shows Reynolds’ Deadpool and Jackman’s Wolverine fighting in front of a giant 20th Century Fox logo, representing the studio that made the previous Deadpool and X-Men movies.

You might also think that Deadpool 3 will include a “Deadpool kills the Fox universe” storyline, which is what some fans expect. Again, the state of the logo supports that particular theory.