There's so many posts in this thread attempting to explain this issue with nothing more than supposition and guesswork behind it, yet there are ways to determine why this is happening.
I don't know if these crashes are all occurring for the same reason, but let's assume they are. We can take a look at the crash report:
Code:
panic(cpu 0 caller 0xfffffe002f2d7d68): DCP PANIC - IOMFB int_handler_gated: failure: axi_rd_err [0x40000634]
- iomfb_driver(8)
IOMFB int_handler_gated: failure: axi_rd_err [0x40000634]
RTKit: RTKit-1826.40.9.debug - Client: local-t600xdcp.release
!UUID: 63c86ca9-4c8f-33e2-9b03-9b1e9da40cfa
Time: 0x00000000764d6c69
I am not a developer, but I have worked in computer science for more than 20 years so hopefully I can work through this somewhat.
We can see from the crash report that the failure is in RTKit, which is kind of like a miniature operating system where various co-processors run. These co-processors are part of the M1 SoC and include things like the video encoders and decoders, the power-management processor, and the secure enclave.
Within one of these RTKit instances will be the subsystem responsible for on-screen graphics, which will obviously communicate directly with the physical GPU. Part of that subsystem is the IOMFD (IOMobileFrameBuffer.) Based on the name alone, I'm guessing this is where the image to be displayed on the screen is stored.
Finally, we can see that the the IOMFB driver has an error: axi_rd_err. AXI is the Advanced eXtensible Interface, which is a low-level communications interface specifically for ARM chips. rd_error indicates a read error.
So putting this all together, my estimation is that the there is essentially a problem with the display driver. It seems to be attempting to read something from the framebuffer which isn't there.
The problem in trying to understand this further is that a lot of this stuff is undocumented outside of Apple and, frankly, I'm also at the limit of my ability to troubleshoot. But nonetheless, I'm quite sure that once Apple gets hold of these crash reports, a simple driver update will sort this out. Even if the highly unlikely event that this was a hardware issue, a driver update would allow the operating system to simply anticipate and work around the problem.