No, and I doubt it ever will, I think v4v has its place but it will remain a fringe way of monetisation
Fiat versions already exist like Pateon and Substack right now which work for most people who want to sell content directly to users
Internet users are used to not paying for content
There is always someone willing to pay for traffic, so if you don't have display or text ads you will just get more sponsored content - disclosed or undisclosed $601.84 billion worth of ad spent annually has to go somewhere
If you paywall v4v you create friction and push users away - higher bounce rate
If you don't pay wall, very few people feel like they need to pay, thinking someone else will
Ads be it direct deals or network deals can be a stable/predictable source of income so creators can set a runway and commit capital to improving production quality
Ads are a subsidy for reach - the advertiser pays hoping they reach an LSM that generates an ROI while the rest who aren't in that LSM get to enjoy the content without charge
Ads also create audiences and data sets that are valuable to businesses for profiling, v4 doesn't
People still feel like they're "supporting" creators by watching ads
Your content doesn't have to be good to get ad monetisation, it just needs to get views so you see low-effort content spammed out, ai videos, reaction content, rage bait, clickbait etc
The audience you target might not be a niche with a lot of disposable income so your v4v conversion rate is low for the effort and time you put in
No, and I doubt it ever will, I think v4v has its place but it will remain a fringe way of monetisation