Also checkout peertube which is also federated but doesn't run on IPFS: https://github.com/Chocobozzz/PeerTube
It's a strictly technical solution to the problem of video hosting centralization.
Depending on your point of view it might be a good, bad or neutral thing.
In my opinion, it's good that we first try to have a solution that is first proven to work and then try to think about how (or if we should) integrate a remuneration system to the solution.