You already know that there are too many scams and failed projects, so it is too risky to put money into new projects. Since there are many good projects, why you should invest in new projects?
Remember that it is still the bearish season, it is not a good time for new projects to be launched. There are many projects that failed to survive during this bearish season. Some of the failed projects just trying to get funds in their promotion phase, then they announced to stop the projects when they get enough money from investors. The worse thing is that the teams disappear then.