No. It is a software crash within Atmosphere. A hard reboot (hold power 15 seconds) clears it. It cannot brick the console unless you’re using faulty sigpatches combined with a corrupt bootloader.

To summarise:

This article is for educational purposes. The author does not condone piracy. If you own a legitimate copy of Metroid Dread, you are legally entitled to create a backup NSP/XCI for personal use on a modded console under certain jurisdictions (e.g., DMCA exemptions for archival).

For users looking to verify their installation, the update includes cumulative fixes from previous versions. How to Update Metroid Dread | Nintendo Support

Which of those would you like?