The DSS Player for Mac officially supports Mac with the new Silicon M1 Chip. However, this requires Apple Rosetta to be installed.
When you open an Intel-based software you will get a prompt to install Rosetta. You can find the full article here.
It is also possible to install Rosetta via Terminal by entering the command line below. You can find the full article here
/usr/sbin/softwareupdate --install-rosetta --agree-to-license