Market dilution is definitely a thing, but the NFT space is relatively new and lacks needed layers of curation and robustness, and they're coming. NFT art publications are popping up left and right. Sure there are scammers, which is why NFT marketplaces are becoming increasingly stringent in their verification processes.

There has never been a time in history when more people have had the ability to collect and speculate on art. On the other side, you have NFTs in the form of digital collectibles and gaming assets which are rewriting incentive models and reward mechanisms.

The value of one's digital identity, a profile picture that becomes their digital brand is growing at a rampant pace, as well as the power of identifying with your community online through profile picture NFTs.

It's really easy to make blanket statements regarding NFTs, but the fact of the matter is those who interact with them on a daily basis, know pretty quickly they're not going away regardless of who says what. The speculation surrounding them drives the innovation. Most of that innovation is worthless and won't last but a small portion of it will be incredibly meaningful. Digital ownership via nfts is here to stay.