[82] Why does Vue CLI starter project have a static folder and an assets folder?

In the Vue CLI starter project for Nuxt, the favicon is found in it's own folder called static but there is also an assets folder for other static resources like images/css ect.

Is there a reason why we have both of these folders, can the favicon be stored in the assets folder (or images, css in the static folder), thus removing the need for an extra folder?

Thanks, and Merry Christmas! :)