I think either PostmarketOS or Mobian would be the best existing candidates right now.
Hardware wise, the Fairphone 4 is probably the best option, especially compared to something like a Pinephone.
I tried Phosh (Gnome mobile shell) on an exhibition a while ago and honestly loved it.
However, I'm absolutely not confident in those tbh, in terms of reliability. The whole thing is highly experimental right now, and I wouldn't trust them as a daily driver.
Phosh is also available for Fedora, especially Silverblue (available as ARM iso), since you are, with me together, probably one of the most prominent Fedora Atomic fanboy :D
I see big potential in a uBlue-phone spin maybe. I tried making one myself, but I absolutely don't have a clue what I'm doing and don't want any responsibility for such a project.
Do you know if or how we could organise such a project?