After being purchased by Snapchat, it appears that gfycat has been abandoned.
The Gfycat service is being discontinued. Please save or delete your Gfycat content by visiting https://www.gfycat.com and logging in to your account. After September 1, 2023, all Gfycat content and data will be deleted from gfycat.com
They bought it before interest rates went up and now they’re looking for return on investment in other places and nobody wants to buy it from them