I think there's an open source trap where successful projects see their adoption numbers, and billion-dollar companies using their projects and think "We're leaving money on the table" (which IMO is the whole point of libre software).
Unfortunately, this is the path to weird software licenses, open-core / community-edition product splits and a whole host that makes the software less useful to me as an individual user and occasional contributor. Besides, Gitea won't be able to make much out of individuals like me, so their roadmap will likely favor paying customers. I can guarantee that it will be too bloated to run on a Raspberry Pi Zero like I have it today, which means I'd have to choose something else.
I also suspect that switching to a for-profit company will decrease the number of volunteer contributions, after all following the same big idea that led to incorporation: who wants to work for free when someone else is making the money?
The good news about F/OSS is I have started my countdown to a community fork. After all, Gitea itself is a fork -it is the circle of life.
Edit: I forgot they are trying to pay contributors with some web3 scheme, perhaps to try and solve the inherent hypocrisy. But the cure may be worse than the disease because it further complicates the process of contributing to the project and reduces maintainer focus on actual product. Just give me pull-requests.