Typical corporate moralising. Tumblr blocked adult content to keep advertisers and it's corporate owners happy and the site died. Snapchat sold off the adult part of their Gif business even though - let's face it - what is Snapchat used for?

There seems to be a lack of acceptance in business that adults will be adults and you can't sanatise the Internet to make it acceptable for advertisers or to impose the morals of minority religious groups on the majority.

Gfycat is presumably very difficult to monetise. We're in another wave of the history of dotcoms where companies and investors realise being an Internet based country is not a license to print money.

Its not clear though how to make a free alternative to something like Gfycat. Someone has to pay for the hosting and bandwidth. Are we moving to a subscription based model for the Internet? For example the fediverse but with premium fast servers for those who pay and slow advertiser funded servers for this who don't? Or Wikipedia like foundations for image hosting? Who knows.