GitFish: Tokenization of GitHub repositories

GitFish proposes an innovative Web3-based solution aimed at breaking the traditional model of financing open-source projects. Its core idea is to tokenize the GitHub code repository itself, creating a tradable digital asset, thereby opening up new funding sources for open-source projects.
Operating mechanism:
Open Tokenization Launch: According to GitFish co-founder bap2pecs, the platform's concept is to allow anyone to issue tokens for any public GitHub repository. This means that theoretically, any valuable open-source project, regardless of its size, has the potential to be tokenized through GitFish.
Auction and Listing: The newly created codebase Token will first undergo an initial sale through a 3-day auction mechanism, and only after the auction ends will the Token be available for regular trading on the platform. This mechanism helps in early price discovery and raises initial funds for the project.
Code Repository Ownership: The original owner of the code repository can verify their identity through GitHub OAuth to "claim" their corresponding code repository Token. Once the claim is successful, the owner will be entitled to receive a portion of the initially issued tokens and will be able to continuously earn transaction fees (i.e., "swap fees") from subsequent trades of that code repository Token.
Clarification of token nature: A crucial point is that these codebase Tokens do not represent the intellectual property (IP) or ownership of the source code. Their value derives more from the market's recognition of the open-source project's potential for future development, community support, speculative demand, and the potential for sharing transaction fees.