I always find it odd that hacker news has such pessimism on technology advancements. It might not work now but give it another 5 to 10 years this may very well become reality. The pace of advancement in ML/AI is incredible.
It does not matter if it is a 5 min youtube video, that just wont happen to the majority of the population. Most people can't even change their battery in their car.
You're just hating on crypto and finding reasons for it. Crypto has uses cases that people are using at the moment and it's not up to you to decide how people should decide to use systems. If they want to own some NFTs because it's part of a game or simply to hold some generative art, that is their choice.
NFT license are dependent on the project. That's up to you to research. NFT license from crypto kitties allow you up to 100k. BAYC has full commercial rights.
You wrap the token into the new standard if there is a new one when there is a new standard. Look at cryptopunks, they are wrapped into ERC-721.