Our Paperspace application is available as a MacIntel binary which runs on M1 hardware using Rosetta 2.
In the newer versions of Mac OS Big Sur, you just need to follow the installation wizard and you'll be running the application in seconds. Bear in mind that since macOS Catalina, you need to follow the steps on this guide to allow the application to run.
If for any reason the Paperspace app doesn't appear to run, you may need to set the application to open using Rosetta 2. For information on how to accomplish this, you may refer to this Apple Help Center article.