There are never too many new projects. Especially when there is a lot of growth ahead, which everyone is waiting for. One of the latest new projects that I really liked is Rainmakergaming, which is a game changer.
A platform that contains all the games that will help you earn money.
I agree, there's need to be many small ones and only a few get to some success, it's how things go! And why not? People need to be free to try things, it's why there're so many new projects, daring ideas, people want to do something, to try to realize their projects and put it to good use! Also, there are so many areas to be explored, crypto is spreading, and that "new projects" hype is lasting as long as crypto exists! And it will not stop, we have something different almost every year!