RTSP is certainly useful! Wyze used to offer an unsupported firmware version of their -- at the time -- current firmware. But that didn't last long. I bought one and everything in my setup worked great 24/7 until the cheap camera died from the weather. The color video quality even at night, (with outdoor lights), was very, very good for such a cheap camera.
That being said, I never liked the idea of using Chinese firmware designed to phone home, (not necessarily to China, but to 'the cloud'). Since then I've looked into replacing the dead camera with something modern. All I have to show so far are some freshly googled, updated notes:
My use-case isn't as a security camera, but to make a live composite background to use in combination with a roll-down green screen setup above and behind my computer chair for online meetings with colleagues. This setup with the roll-down green screen actually hides most of my house, affording me privacy. The 'photoshopped' composite image looks like the inside of my house with focus on a window looking outdoors, with the outdoors supplied by the cheap RTSP camera feeding OBS Studio. It is easy to use OBS as 'the camera' used by Microsoft Teams, WebX, Zoom, etc. by clicking the 'Virtual Stream' button.
Using my smartphone gave me really good webcam quality. I use Droidcam for OBS in front of the green screen.
To replace the RTSP firmware I used, going forward I would look into a Docker WebRTC/RTSP/RTMP/HLS Bridge for Wyze Cam and maybe also this camera to RTSP project which also runs in Docker.