Loops is being made by the same guy that makes Pixelfed, but afaik it's not the same platform. Federation is planned but not yet implemented.

The idea for this community is more like !curatedtumblr@sh.itjust.works, but for loops. Stuff can be crossposted to relevant communities, but this is more for when you just want to be entertained by short videos.

It would be nice if Lemmy had better crossposting too, though