I haven't have explored this space many times. Unfortunately most projects have failed. I was at one point excited about the semantic web, the social web, the descentralized web, etc. Remember when Google launched open social, and GNU Social, and the permalinks, traceback protocol, rss, and atom. I was there for the pixel graph, for the Brave ad network, and other ideas to open source advertising and even saw Bitcoin narratives as a way to descentralized payment from individual blog users that want to monetize their CPM up to the fraction of the penny and how micropayments were the future of the internet. Unfortunately, the UX and the platforms were always missing and not many people were able to put the tech stack the right way to do so. While the monolithic platforms like Twitter, Facebook, Youtube eventually took over.
At this point, I still think that most of the people don't know about open protocols, and the people that have use it, have gone back to the commercial alternatives. I still feel even platforms like @ecency struggle to monetize the interactions of users, and many are still not confident this platform (Hive) can be enough to make a living out of content creation.
I see Kick and Twich building better, more efficient payment platforms for their users, and users really benefiting from going 'live' and creating real commercial content. While @3speak and odysee seems more amateurish, and the voting system pretty broken. I feel until actual value can be fixed, and UX can be fixed in a way that is not fractured, and very poor executed marketing. I won't see a true organic adoption and growth.
RE: The Future of Social Media: Big Tech vs. Decentralized Networks