Once again, I'm all for asking Apple to introduce support for HDMI 2.1 FRL in macOS. Just bear in mind that what you're asking is for Apple to dedicate not insignificant development resources to writing and testing a driver to support third-party hardware.
The HDMI 2.1 specification is just a document. Hardware is developed based on that spec, and then drivers can be written to support that hardware. Apple's GPUs do not support HDMI natively. They do sell AMD Navi 21 based GPUs, but the native HDMI functionality is not exposed on Apple's MPX modules. Apple is also clearly on the outs with NVIDIA, so it's unlikely they'll be releasing updated drivers for GA102 based GPUs.
That leaves DisplayPort to HDMI 2.1 protocol adapters. The dongles currently on the market use chips from either Synaptics or Realtek. While Apple does have working relationships with those companies, a functional driver generally requires input from both parties, and neither is Apple's preferred vendor for display protocol converters. Apple uses MegaChips (now part of Kinetic Technologies) for PCONs in their own hardware these days, but also have a lengthy history of working with Parade as well. Parade only launched their PS195 and
PS196 DisplayPort 2.0 to HDMI 2.1 protocol converters in August, so I could easily see Apple including HDMI 2.1 FRL support in a macOS release around the same time as adapters based on those chips start showing up in the market.