I've encountered a few projects that are very unique in innovation and technology, just like the op have rightly said, many new projects spring up in the crypto industry everyday, and out of all this new projects , i did say from my own estimation, that its only 0.5 to 1 percent of this project that are genuine and starts a chance to become a key player in the industry.
But then, i will like to compare this happenings in the crypto industry to the happenings of the real world, people set up new businesses everyday, and only a few of this new businesses stand a chance to be known and patronized, the rest is just people trying to test the waters.