Bold statement, I know.
Bandcamp saved the music industry. Bandcamp is still saving the music industry. It gives musicians a simple shopping cart platform to sell their albums on.
First and foremost, the platform is made for selling digital music. They’ve expanded things to also work well as a monthly/annual subscription platform, and it also works great for selling physical merchandise like CD’s, vinyl, shirts, posters, etc.
Someone else might eventually treat musicians (even) better than Bandcamp. Hopefully, the company will wise up and support Playlists to knock Soundcloud out (I’m not exactly pro-Soundcloud). Just imagine, Bandcamp with playlists! What a dream. I’ll try to get permission to use their API and do it myself, if necessary. They do have an API, but it’s totally weak. What’s up with that, Bandcamp?
Even without playlists or many social features, Bandcamp appears to me, to be the best music platform on the internet (timestamp mid-2020 here). If you’re an independent musician, using Bandcamp is a no-brainer!