First off, thank you so much for the detailed answer. It's way more than I expected!
Since neither of the Proton VPN system extensions are loaded (they are marked as block), they probably are not causing the problem. ... It is hard to say if this is a hardware or software issue, however, since the VPN driver is blocked & not loaded, it probably isn't causing the problem, but perhaps Zoom is. Make sure the Zoom app is completely up to date. ...
I've already uninstalled that VPN app long time ago, using AppCleaner "as uninstaller" to try to clear as many dependancies as possible, but somehow something is still present (any suggestion to how to get rid of that?). I've updated Zoom app today to clear any doubt of that being the issue.
The Kernel Panic summary provided by the EtreCheck report indicates the panic is related to a connected Display.
That's something that I've suspected, reading around the web people with similar issue blaming it on dongle or any peripherals connect to the MacBook via the 2 typeC ports. I'm "happy" that you, reading the report, are able to confirm that.
I'm currently using an 27" 2k external display connect to the MacBook via USB-C port (straight-in, without any dongle, just a typeC-hdmi cable). It shouldn't be normal anyway to develop this problem, in my humble opinion, but, on the other hand, I have yet to experience it using the MacBook Air alone (without any external display connected, because I basically use it as a desktop other than a laptop).
Could be this monitor? Could be this cable? Could be a software issue? An hardware issue? Difficult to say, because, as written on my first post, sometimes it occurs every day for a few days, then it stops, then again maybe one time, and so on...
Most Apple techs do not read or understand how to interpret Kernel Panic reports. Apple will usually blame the third party software that has been installed. So if you want Apple to repair the laptop for a hardware issue, you either need to have the Apple Diagnostics detect a hardware issue, or you need to show the failure occurs with a clean install of macOS with no third party apps installed (even better is not to migrate or restore from a backup). For an Apple Silicon Mac, the best way to do this is by performing a DFU firmware Restore which resets the security enclave chip & system firmware as well as pushing a clean copy of macOS onto the internal SSD (destroying all data on the internal SSD). If the failure occurs under these conditions, then it indicates a hardware issue (or possibly a bug in macOS, but the latter is unlikely or we would see more people posting about this issue online).
That's what I'm afraid of, to bring the Mac to Apple Store just to have me said that all is normal, as happened to other people with the same issue. And, as you stated, most of them had the employees blaming it on 3th party apps or nonsense. I can't even replicate the issue "on command", because there is not a standard way to make it appears.
I'm going through a DFU firmware Restore, as you suggest, if the situation becomes unbearable and I have to "convince" the Genius Bar that there's something wrong with the machine (and no 3rd party softwares!).
BTW, do you have any backups of your system?
I do not use a backup of my system, as I instead do with my iPhone and iPad. I regularly backup the data on the MacBook I care not to lose, but I'm not afraid of reinstalling the os is needed, knowing my important data are safe on external devices or cloud space.
P.S. The Apple forum logged me out while writing this reply and I had to copy portions of it. I tried to recreate all the embedded links, but it is possible I missed some or I did not correctly fix some of my edits. I apologize if something is incorrect.
You've done more than I needed. This is a very detailed answer, which clears me a lot of questions and doubts. Many many thanks again!