If only some based billionaire would fund a new platform lol. Etsy is such a big established player at this point it would take a lot of startup capital to launch a competing site and draw enough eyes and interest to it.

The reason Etsy is so popular and sellers accept the abuse they receive is for the access to their massive customer base. Any competitor, even with a better model and selling platform will struggle to compete with the size of audience Etsy draws in. It's the same kind of advantage Youtube has over its competition. Sites like Rumble can work OK for creators who already built a large following on YT and then migrated over, but starting from scratch it's near impossible to build an audience on Rumble vs Youtube.