What's happened has been internet scale and I agree there's a ton of garbage out there, but it is similar to real world art.

For every gallery showing $10k+ pieces there are thousands of private works sitting in basements and attics and home studios.

What we see now is democratization of art publishing, crowdsourced curation, and if art is a social phenomenon then who am I to say what you or your bros or society should like?

I haven't bought any NFTs but I never liked the idea that the digital real isn't real. To a similar extent the physical world isn't real, ultimately constructed in our minds and proven more real by shared experience.