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It’s not even a new way of this doing this. It’s OP_RETURN colored coins, which is what Omni was doing 11 years ago. Their website and explorer looks better than the trash made for ordinals and runes. There is zero innovation, but 100% spam. We have seen it before — but never as well funded.
I don't see how people can just throw money away... so quickly on just junk. And yes Omni was exactly the same... even without segwit or taproot op_return has been around 10 and it was inevitable the gambling would occur when fiat money met hard money.
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