There is no more speculation for almost all projects, so the NFT-art projects that I see now are mostly generative art.
Basically people supporting the excess computer science grads, and not for flipping into monetary gains.
The rest are the indie artists, including traditional ones that digitise their paintings and tokenised them for their patrons.
Existing large game projects mixed with NFTs, tend to have VC investments or they themselves had done bitcoin mining before since 2010.