LBRY was the first decentralized social media platform for video creators. Even though it operated on its own token, it created a solution from the ever censoring YouTube platform.
Over the years, LBRY has gone head to head with the SEC, accrued millions in debt, and lost.

Odysee
The End of LBRY Inc.
View on Odysee: The End of LBRY Inc.
If anything, it demonstrates clearly the need for free speech oriented platforms (and money) to be completely, in its totality, decentralized.
I wonder if NOSTR can pick up where LBRY left off…