FCP 10.4.6 is not opening on M1 MacBook Air/Pro with Big Sur

The below hack only works on intel Macs not on M1 chip Macs. Any idea on how to get Final Cut Pro 10.4.6 work on M1 Mac with Big Sur. I bought M1 MacBook Air and migrated my data from Catalina OS in intel Mac to M1 MacBook Air. I tried this below step, still FCP is not opening. Anyone with suggestion?

Right click on final cut. "Show package contents". When open, go to contents/MacOs/final cut pro (terminal archive)
Doble click and FCP works
FCP 10.4.6 is not opening on M1 MacBook Air/Pro with Big Sur
 
 
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