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I doubt it, hosting video is quite expensive and resource intensive. I'm guessing the direction would rather be to implement proper video embedding and host on third party servers.
Can we get away with limiting APIs and greedy companies by taking this route?
The great thing about the nature of Federation seems to be that additional services or instances that host videos don't have to impact the current instances. .world or .ml could just say "we will never host video content" and users won't have to make a new account to see the video content that another instance may provide.