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Connected to ESIP-8 and ESIP-20. More on my next comment.
ESIP-20 could be similar to CBRC-20 (Cyborg.org), using what in bitcoin is called "metadata" field - eg. the cbor.
Could also be called ESIP-721
In short it's
- 1 - the ethscription content becomes the holder of the metadata/traits (thus "onchain metadata"), cuz that's what really gives significance to an NFT, not just the "image art" if the content is image at all; and
- 2 - the blob holding the nft/image art
There will also be a Collection Manifest, made first - which is the collection information like collection size, royalty fee receiver, creator, links, socials, description.
The ethscription content will be
application/vnd.esc.collections.<SHA_OF_MANIFEST_OR_HEX_OF_NAME>+json,{"some": "metadata traits here"}
The collection manifest is first, then the following are metadata/traits of each token.
This allows for easy tracking of collection's "tokens"/items by searching for this specific mimetype.
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