Techub News reported that YZi Labs, formerly known as Binance Labs and described in the announcement as part of BNB Chain, has opened applications for the fourth season of its EASY Residency accelerator. Selected teams will take up residency in Gelephu Mindfulness City in Bhutan and may receive up to $500,000 in funding. The application deadline for this season is June 21.
The accelerator runs for 10 weeks and is backed by YZi Labs’ $1 billion Builder Fund. According to the announcement, the program is designed for early-stage projects working across Web3, AI and biotechnology. The residency format places selected teams in a dedicated environment for the duration of the accelerator.
CryptoBriefing noted that earlier seasons of the accelerator mainly focused on AI agents and privacy technology. The fourth season marks the first time the program requires participating teams to relocate offline to Bhutan’s experimental technology city, Gelephu Mindfulness City. Teams interested in the program must submit applications before the June 21 deadline.