You're looking for information on the Waves plugin, specifically a cracked version for M1 and potentially a free option. Let's address your query with the information available up to my last update in April 2023.
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The transition to Apple Silicon-based Macs, powered by the M1 chip, has brought significant performance and efficiency gains. However, this shift also introduced compatibility challenges for many audio plugins, including those developed by Waves. The M1 chip's ARM-based architecture differs fundamentally from the traditional Intel-based x86 architecture, requiring many plugins to be re-compiled or re-coded to ensure compatibility. You're looking for information on the Waves plugin,