More than 90% NFTs in the market are actually useless. NFT is just hype and the price was there if it got hyped and it will not have any value if it will not get hyped. What you are saying actually true. The problem is since it was very cheap to mint NFT and then it will make people try to mint it anytime but they do know that so well if their NFT might be useless NFT with no demand. NFT must have demand to get value. No demand meant no value for NFT. So many NFT like land was actually bullshit.
The price of virtual land has been going down so hard. Many late joiners were always loosing so much money due to the buying garbage scam NFT. i don't even consider NFT such an innovation. It offers nothing.