If you are in the business of making money like minio, you may as well just use a commercial license. No business will touch AGPL, they will just opt to pay for a commercial license.
You’d be shocked to find out but linux is also run by cloud providers and offered as a service (in the form of VMs).
And unfortunately because of murky water of what constitutes “derivative work” in agpl (case in point - see the title of this thread) most companies won’t ever touch agpl licensed projects
That's not true, I am in contact with many business using AGPL software. (Not Minio specifically)
Some businesses choose not to touch it, but that's their losses.