Personally I’d rather see in-lined vector graphics become better supported. This was available on some of the Techtonix (iirc) hardware VTs and as far as I know, the only widespread terminal emulator to support that particular mode is xterm.
I was thinking along the lines of online (or inline) fonts, similar to web fonts in CSS, which would allow for arbitrary custom glyphs.
As far as I know, there is no terminal emulator that supports this flavor if sixel graphics.
Sixels could be used here too, but native support for vector graphics would be nicer.
I’m also of the opinion that sixel sucks as a modern option. It’s got a low DPI resolution, cannot be compressed, and is its own bespoke specification which means lots of additional work for terminal maintainers. Which is why most terms these days go with their own escape sequences for natively supporting common formats like PNG and JPEG.
In my own terminal emulator, I’ve got support for several image formats but I doubt I’ll ever bother with sixel.