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Decentralized music streaming service

I've recently been made aware of the non-sustainable business of Spotify (and other streaming services) https://youtu.be/gDfNRWsMRsU .

I think the best solution for all parties would be a federated streaming service. Instances could be hosted by record labels or indi-Artists. Of course there needs to be a fair donation/subscription. (Maybe similar to Patreon - get some extra goodies for supporting your artist directly)

Does something similar exist already? I would rather put my money somewhere where small artists are actually paid fairly for their work. (And put my own works there as well)

Thanks for reading :) I wish you a very pleasant day and I'm looking forward for your input.

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