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Massive centralization is helping Fediverse
(beehaw.org)
A community dedicated to fediverse news and discussion.
Fediverse is a portmanteau of "federation" and "universe".
Getting started on Fediverse;
The main issue is monetization. With social media, nobody cares about getting paid but Youtube or Twitch channels are the main revenue from lots of people nowadays. Not only the creators but also editors or writers.
I could see a patreon/floatplane style system where you only get the livestreams if you pay, or video releases are delayed for a week if you don't pay. Video sponsorships also make more money than Youtube ads I think.