This sentence highlights the reason why these efforts fail despite any original good intentions:

"as soon as a monopolistic entity can build a mechanism to extract revenue from it, there will be an incentive to capture the standard and change it to for their own benefit"

Personally I'd love a simple semantic versioned subset of the web. The required traction and buy-in from existing key players (browser vendors, web hosting platforms etc) makes it largely a non-starter though. I'd love to be wrong though.

Instead of "forking", it may be more prudent to extend or revive something more like Gopher, so you don't constantly get baraged by incompatible sites (like you would in a forked web)