Potentially interesting, but this is not the first time something similar has been tried. However the thing to go looking for is the monetization...and unfortunately like a lot of IPFS stuff, its connected to cryptoshitt. Of course there's a token and and its on Etherium blockchain at the moment etc. I'm instantly skeptical of something social media supposedly decentralized or distributed that is predicated on crypto, particularly a buyable exchange-capable one. Its even worse with the whole
>oh, but this is the best part see you'll need to pay to shitpost and it defends against bots and...
Look, you can do that kind of thing without needing to slave something to a single token. You could create an imageboard or reddit style or whatever the fuck and make it so that everyone needs to buy an account or buy "credits" to post or whatever - hell you can even accept crypto if you want - where $10 gets you 10,000 berklefarts and posting ranges from the normal 1 to 1000 based on whatever conditions you want. Why don't people do this? because few people want to pay to shitpost or even buy subs these days, but obfuscating behind crypto is even worse, especially when it means that you're using certain tokens or coins for everything and its ecosystem along with the fees involved.

I favor these approaches without the link to some sort of crypto. There can be decentralized or distributed (I argue that distributed isn't great for "social media" alternatives because it is shitty for discovery among other issues) alternatives that can work better and aren't either overtly or surreptitiously built around the expectation to use crypto for monetization and otherwise.