There are too many projects that we don't really need it on blockchain.
Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.
There are too many projects that really do not need blockchain but this is a new market and expect these kind of projects coming up, make sure you verify everything before you invest into anything as you cannot be sure what all projects will survive in the next few years and i am sure that majority of the projects that started in the past few years will die off eventually.