Yess has many features and before starting, let's understand what is a project and what is a workspace?
One Liner - Workspace is your town 🏘 → Your house in that town is a workspace 🏡 → You & your family are team members! 👨👩👧👦
When you sign in for the first time, you are asked to create a workspace. Now that is your first workspace.
But if you are an existing user and have many workspaces, it will look like this when you sign in again.
Note - You can see the Projects section empty because this section is for clients. If someday, you become a client and give a project to another freelancer, it appears here.
A project is an entity under the workspace. You can see them as shown in the below image.
Few more recommended articles if you are kickstarting your first project.