If 99% of the projects are dead or dying, you don't refer to the remainder as there being plenty of projects that are doing good.
Well truth is NFT project come and go and short lived just like meme and everybody is deploying it.
So it's always gonna be 99% of projects are dying even when it was at peak hype.
Although I agree, NFT market doesn't seem that good anymore, pretty much a dying market but NFT on its own is still very utilized technology.
Most of them don't have utility that's why somehow its expected to see them fall badly the same as what we see on majority of NFT's out there. That's the reason why I didn't bother to think about investing on it especially that I have bad feeling that most of those project will not last long.
NFT market is questionable that's why I don't have good trust on any projects out there. People better buy Bitcoin directly rather than think about investing on a questionable project which have huge chance that it will just turn as scam.