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First Look: Loops, by Pixelfed
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To me, an alternative model would be deep-linking/embedding 3rd party videos that you own.
For instance, sign up at @server, then:
This way your "feed" is federated, but the efficiency of centralized video content is used. If a provider goes down, or you choose to leave, you can re-up to another provider and with the connected account/title matching, your feed could be auto-updated.
That’s a very interesting idea. It might also incentivize creators because it gives them a more stable audience that’s at least a little insured against viewership changes on any single platform due to changes in that platform outside of their control.