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Will it be open source?
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How would he make money?
I'm unfamiliar with Sync so I don't know why anyone thinks it is something that Lemmy needs. Maybe it is and I'm missing something. I used RedReader when I was still on reddit and it is a FOSS program. I have the impression it is comparable to Sync, but maybe I'm missing something.
The Lemmy software is all free. The people posting here aren't getting paid. It's all community work. So I don't see how Sync is somehow special and in need of being the unique piece of the infrastructure that has to make a profit.
It could be that Lemmy simply isn't that hot a business opportunity for Sync's developer. If so, that is perfectly ok--I'm sure he has plenty of other attrative options.
If you don't like that Sync is closed source you are free to use any other Lemmy app that is FOSS 🤷