final edit: You want real logs instead? add this to your kernel command: drm.panic_screen=kmsg
Kinda funny, kinda neat.
I have no idea what the QR-code might reveal (I could not read it from this picture), so I pixelised it just to be sure.
FWIW I know exactly what happened and did not panic. To reproduce, boot your device with init=/bin/sh, then type exit.
CachyOS
The picture above is generated by Drm panic which is part of the kernel itself, or maybe a separate module. The data in the QR code is the kmsg log.
Not systemd, which wasn’t running when that happened.
And it’s been around for years; I guess I haven’t had a kernel panic in a long time.
My picture looks like that (on one monitor of course) and it wasn’t created by systemd, which wasn’t even running when that happened, but by the drm_panic kernel module. I’ve edited the OP.