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Maybe this is why generative art never really took off.

That said, roguelikes are awesome. So there is definitely a place for simulated effort.

It did in many corners, there are some interesting designs on r/stablediffusion, and regular people too are using them to make posters and invitation cards for example.
If "putting a random seed into a set of swappable character parts" counts as "generative art" then it sure made a ton of money when people cared about hying NFTs.
Real effort, surely? Simulated reward.