Why is there no music-based platform like PeerTube?

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I'm not sure where to discuss this so I'm posting here since this is the hub of FOSS advocates.

I had a really interesting conversation with a friend about the Bandcamp situation and as we were discussing it occured to me that something like PeerTube but for music doesn't really exist. Which doesn't make sense in my mind as it's so much less cost to host and so useful. Half of Youtube's audience mainly goes there for music.

So, I don't know, does it make sense for anyone else to work on something Fediverse-based (Activity Pub) that is aimed at music creators?

I would even go as far as allow the creators to host ads on their page so as to attract as many of them as possible. Controversial but we have to take one step at a time to change mindsets. Right now, the situation is that you have to put up with massive advertising or go the FOSS way and depend on donations.

What do you guys think?

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I just signed up at open.audio . This is pretty lackluster for the moment but has tremendous potential. Thank you so much for letting me know of it! :)

Just remember that this instance only hosts creative commons music. Both good and bad if your looking for music.