This idea of federalization is very interesting.
It would be interesting to see if this idea could work on twitter to help free twitter from the grasp of advertisers, and help it become a town hall community for new social media communities.
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I think Twtr is a lost cause as Musk controls it. The 'fediverse' is less centralised.
I think it is a central point of failure to have one person in charge of anything. I have never heard of the Fediverse. I will google it.
Have you not heard of Mastodon? That is federated and it's possible that Hive could link into it.