I hear you but Fandalism (despite its name) isn't designed to help musicians connect with fans or make money.

Fandalism won't be good for that.

Rather, Fandalism is designed to be a community of musicians showing their chops to each other. Kind of like a big "Show HN" but for musicians. Or Dribbble.com or DeviantArt.com. Or ModelMayhem.com, sort of.

It may still be a failed strategy, but the strategy is different than what you surmised.

Here's my profile (I'm a drummer and sometimes ukulele player): http://fandalism.com/pud