NextGen Signs LOI with Resi Labs to Scale AI Real Estate Subnet on Bittensor

Executive Summary

• NextGen Digital Platforms Inc. has entered into a non‑binding Letter of Intent with RESI Inc. to explore forming a 50/50 joint venture focused on scaling RESI’s AI‑driven real‑estate intelligence platform (Bittensor Subnet 46).
• Under the LOI, NextGen would invest US $200,000 via a Simple Agreement for Future Equity (valuation cap US $20 M) and purchase US $100,000 of RESI’s Alpha tokens, with 75% of the investment earmarked for JV working capital.
• The parties aim to execute definitive agreements within 30 days, subject to regulatory approvals and customary closing conditions.

Key Details

• LOI Purpose: Explore formation of a joint venture (JV) to commercialize RESI’s AI‑based real‑estate data platform.
• Investment Structure:
• US $200,000 SAFEE from NextGen to RESI, valuation cap US $20 M.
• Allocation of proceeds: 75% for JV working capital, 25% for NextGen’s sales and business‑development activities supporting the JV.
• Token Purchase: NextGen will buy US $100,000 of RESI’s Alpha tokens (Subnet 46), subject to a six‑month lock‑up.
• JV Ownership & Governance: New BC corporation owned 50% by each party; NextGen receives a non‑voting board observer seat, quarterly reports, and weekly coordination calls.
• Timeline: Parties will use best efforts to finalize definitive agreements within 30 days of signing the LOI.
• Strategic Rationale: Aligns NextGen with RESI’s commercial growth, provides exposure to Bittensor ecosystem revenues, and complements NextGen’s existing TAO staking initiative announced on Sep 23 2025.
• Regulatory & Closing Conditions: Completion subject to negotiation of definitive agreements, receipt of all required regulatory approvals (including CSE approval), and satisfaction of customary conditions.

Notable Quotes

“Resi has developed a practical implementation of Bittensor technology… we believe this model has the potential to improve access to property information, mortgage risk data, valuations, and insurance analytics, using decentralized systems rather than traditional centralized infrastructure.” – Matthew Priebe, CEO, NextGen Digital Platforms Inc.