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>>/50589/
Think email, but with social media. There are different servers, referred to as instances, that people can sign up to. Each instance can communicate with each other; for example, users from instance A can view, like and follow users from instance B, and vice versa.
It's called the fediverse because it's federated, has nothing to do with feds (I thought the same when I first heard about it a few years ago).