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Decentralized music streaming service
(lemmy.dbzer0.com)
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I believe purchasing mp3's is a good solution.
I agree that it's a great way to support your artist, but honestly I don't think it stands a chance to become as big as streaming services. The convince of being able to explore almost every artists catalogue at the touch of a button is just too good. (Also great for sharing music or creating a shared playlist)
I think the problem of storage space is also often overlooked. Not everyone has enough storage on their device. (I know I didn't, when I still used MP3s on a modern smartphone)