We already tried that, that was the wave 2 of Crypto, when people were trying to build tokens with utility. Things like Filecoin.

Eventually everyone realized that the value-add of the utility those tokens bring is roughly ~$0, and the only reason tokens in general, and those tokens in particular have any value at all is because people buy them so they could sell them to a bigger fool.

Token producers thus took the next logical step[1] - dispense with any promises of token utility, and go straight to minting NFTs and fartcoins. Why bother actually developing a product and ecosystem when the only thing people buying from you care about is the pump and dump?

[1] I'm omitting the various ponzicoins, here, those are straight up, unabashed fraud, without even a fig leaf to cover themselves with. :)