To be clear NFTs tried to be a replacement to traditional proof of asset ownership like paper deeds and such. Then a bunch of people used that to create contracts for ownership of links to assets and sold that to speculative investors, aka morons, and thus another actually neat technology with a good niche dies.

Similar to the blockchain being an amazing technology that could instantly verify transactions with complete accuracy; and instead got used for alternative currencies.

Cryptocurrencies (blockchain-backed contract ownership of assigned mathematical conclusions) tried to be currency, NFTs in popular culture tried to be art (as in how art is actually bought and sold in the real world for money laundering.)

AI (GAN including LLMs), like blockchain and NFTs, has its extremely specific narrow use case for society - one that is currently overblown and is being used incorrectly in all parts of society, and wasting the resources used and tarnishing the technology at the same time.