uh.. no. you can go all for making your own instance and chalk it full of ads, but good luck trying to get users.
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In that case I imagine eventually most big instances will end up with ads sooner or later. Everyone's hyped for the fediverse now but excitement will die down and instances that take any significant amount of processing power will likely need some way of monetising
Many users of that instance would probably relocate to the next best instance without ads.