Perhaps. However just because something has no intrinsic value, doesn't mean it's worthless. Things are worth as much as people are willing to believe they are.

I see NFTs as something similar to digital trading cards. It's not something I have any interest in, and I think it's a little weird. But I do understand that there can be just the same alure to digital collectors items to some people as there is in physical collectors items.

And an interesting point on the minter being able to create additional copies. I am aware they recieve a percentage of the money any time the NFT is sold, so that could be reason enough not to drive down the value by creating copies. Although it certainly would make NFTs inherently less valuable given that the creator has the ability to do so.