In 1998 there definitely weren't millions of open source projects. Debian 1.3.1 (released in 1997[0]) had over two thousand packages. I pick Debian here because they only packaged software with unambiguously Open licenses. That's just packages shipped by Debian and not a full accounting of all open source software packages available in 1997. I'm sure some Walnut Creek CDs had a bunch more tarballs with more ambiguous licensing.
Open source software existed before 1998. I don't know why you're trying to quibble about the exact branding, just because the Open Source Software term wasn't coined until a certain date doesn't mean that is the start of all software with open licenses or people publicly releasing the source of their software. The GPL, MIT, and BSD licenses are all from the 80s.