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Subvert wants to be ‘a collectively owned Bandcamp successor’
(musically.com)
This is a most excellent place for technology news and articles.
Bandcamp is all about indie and new technology, so I think it will be far easier to replace than Spotify, that has agreements with diverse studio records, for example.
Spotify seems to have successfully commodified music, with their emphasis on "moods" that stream you anonymous music.
I wouldn't even bother competing with their model.