If they really wanted to standardize something, why not make a Privacy Preserving Tracking as a Service endpoint and hit it with standard snippets of JS, instead of baking this controversial junk into the browser's core.
What should replace internet advertising as a way of funding content? This is not an advertising industry problem -- it also affects publishers. Will they have to start charging everyone micropayments to view their content? How will this affect the ability of third parties to index and archive content?
They use that because the privacy invasive monstrosities they previously relied on are becoming less reliable as public awareness of being spied on and manipulated grows and appropriate countermeasures are being taken. So now, every aware person is using an ad blocker and user-friendly privacy laws are being implemented. Sucks for the web advertising industry, but that's what they get for pissing upwards.
> What should replace internet advertising as a way of funding content? This is not an advertising industry problem -- it also affects publishers.
I will not be sad if platforms that so fundamentally rely on advertising that they can't find other means of funding their businesses die off completely. If people aren't willing to pay (users through donations and subscriptions or publishers out of their own pockets), maybe the content just isn't very valuable.