SD Filesystem
Overview
sd └── Nintendo ├── Album ├── Contents └── save
All files stored under the Contents sub-directories and save/ use the NAX0 format.
Album
Contains the screenshots: "YYYY/MM/DD/<hex>.jpg". These contain some sort of MAC, the system will display an error for screenshots with invalid MACs.
save
Contains system-only savedata "8000000000000000" and "8000000000000124".
Contents
It seems this directory didn't exist until 2.0.0.
Contains directories "placehld" and "registered".
Also contains file "private", which stores the 0x10 #SetSdCardEncryptionSeed|sd card seed verification vector.
placehld and registered
"placehld" and "registered" store game contents; contents are initially downloaded temporarily into the "placehld" folder, and then moved into the registered folder when downloading is complete.
Some of the "placehld/<hex>" directories are temp-only and don't get moved into "registered".
No titleIDs are stored in any directories/filenames here.
All hex IDs(below 000000XX and NcaId) used here are unique per title/content. XX is calculated as the first byte from the output of SHA-256(NcaId).
Game contents are stored inside NAX0 archives; due to the 4 GB filesize limit on FAT32, contents that are bigger than 4 GB have additional file contents automatically split into separate files. This automatic file-splitting occurs even on exFAT SD cards where it is not necessary.
<sub-directory under Contents> └── <directories with upper-case hex: 000000XX> └── <lowercase hex NcaId>.nca └── 00 actual file for data storage └── 01 (storage for file data at +4GB in the actual NCA) └── {etc}