PANews reported on May 22 that YZi Labs announced on its X platform that applications for the fourth quarter of its EASY Residency are now open. This is the first global incubator to bring founding teams to Gelephu Mindfulness City, Bhutan's sovereign technology city, for a 10-week program, including 5 weeks online and 5 weeks in person. Selected founders can receive up to $500,000 in investment, with all accommodation, meals, and workspace in Bhutan covered by the project. Priority will be given to entrepreneurs in the Web3 (focusing on global payments), AI, and biotechnology sectors.