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They handle a lot of sales [1], I do not think they can be called irrelevant under any reasonable definition of the word:

> In the past year alone, [customers] spent $208 million on 14.6 million digital albums, 11.2 million tracks, 1.55 million vinyl records, 800,000 CDs, 250,000 cassettes, and 50,000 t-shirts.

[1] https://bandcamp.com/about

They operate internationally which means adhering to a plethora of copyright laws. So, if someone published an AI generated remake of a copyrighted song, they'd be liable. With the vast amount of AI generated music incoming, I think part of this announcement is self-defence.

It's their platform, they can do whatever they want. Not everything has to be everything for everybody. And if you think they're irrelevant why would bother wasting your time commenting?