NFTs had no valid reasons to exist, other than to provide money laundering opportunities and to con rubes out of their cash. There's plenty to not like about crypto and at the top of that list is NFTs.
But they were quickly disillusioned. The space instantly filled with crap art sold by scammers. Developers, of course, knew that would happen, but artists don't always have that same instinct for the way the worst possible use of a technology will overwhelm all others.
NFTs never provided a single thing that a normal paper contract couldn't.
They provided neither enhanced practical protections vs copying nor any enhanced intellectual property legal protections.
Any artists who thought NFTs accomplished anything at all other than a brief wave of hype were misinformed.
For most items, we aren't struggling to track ownership - We're struggling to enforce it.
I worked at a blockchain startup back in the day and despite the PTSD of working with insane people, I appreciate the concept of the blockchain. I've yet to see any mainstream value in it. Sure bitcoin is worth a lot but it's not because of the inherent value of blockchain finance, it's because there's too much money out there and everybody loves a fat bubble asset.
Correcting data is also always fun question. Your keys are stolen, now your house is not yours anymore as record is immutable. Oh it is not actually immutable if someone says it is not (replace it with new record )? What was the point again...
I think it could be useful for contracts and governance but the whole crypto thing is just pointless (except ostensibly for cases of transferring money), which is helpful as a tool but as an investment just strikes me as nuts. Which is why I prudently said hell no to buying bitcoin at $20 because it was a stupid fad. Sigh.