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Bandwagon is Bringing Music Sales to the Fediverse
(wedistribute.org)
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Fair enough. But musicians are not really "any type of venture".
Bandwagon is already taking on a risk by hosting music for free for listening. If they could find ways in which both them and the artists could profit from music published on the platform that lacks the commercial potential to justify a €10 subscription, this would be a win/win. Considering that it seems they are already hosting the music for free.
If they are looking for a way to make money out of their work, it is. And it is totally fine.
Flip the equation here. The subscription is something to fund development of the platform. So anyone that wants to have a viable libre alternative to Spotify that can be useful to all indie artists should consider paying for it, even if they are not intending to sell stuff.
Sure, but that doesn't take away from the fact that under this model, small artists with little money seem to have a strong incentive not to put their music up for sale, which will cost both them and Bandcamp potential profits.
Maybe they could offer fans to sponsor a membership for artists if they want to unlock premium features.