Final Cut Pro keeps crashing on start up.

Basically as the title states, Final Cut opens for a few seconds before crashing and displaying the error message below. I've tried all the recommendations I've found on here; holding command and option on start-up and clearing the preferences, uninstalling and reinstalling the software, creating another admin account on my Mac and trying to open it on that. Nothing has worked and it still crashes. I know its a big program for a 2018 Macbook Air to handle, is it just a case of my laptop not being good enough anymore? It used to work, but I did all my projects in 720p so as to not overwork my laptop. TBH I don't use it often and iMovie will probably work for my needs, but I did pay for the program so it would be nice to use it if possible. Anyway here is the error message, I've cut out some bits to stay within the character limit. Thanks for any advice.

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Translated Report (Full Report Below)

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Process: Final Cut Pro [5245]

Path: /Applications/Final Cut Pro.app/Contents/MacOS/Final Cut Pro

Identifier: com.apple.FinalCut

Version: 10.6.5 (405627)

Build Info: ProEditor-40560027015000000~4 (18H41)

App Item ID: 424389933

App External ID: 852712461

Code Type: X86-64 (Native)

Parent Process: launchd [1]

User ID: 501

Date/Time: 2023-05-13 09:14:01.1648 +0100

OS Version: macOS 13.3.1 (22E772610a)

Report Version: 12

Bridge OS Version: 7.4 (20P4252)

Anonymous UUID: DB67C18D-CAF1-F148-4232-7B0EF8AFC791

Sleep/Wake UUID: AB2116EE-5FB5-4DB5-A87F-A08EB543476D

Time Awake Since Boot: 20000 seconds

Time Since Wake: 2387 seconds

System Integrity Protection: enabled

Crashed Thread: 0 Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_ACCESS (SIGSEGV)

Exception Codes: KERN_INVALID_ADDRESS at 0x0000000000000018

Exception Codes: 0x0000000000000001, 0x0000000000000018

Termination Reason: Namespace SIGNAL, Code 11 Segmentation fault: 11

Terminating Process: exc handler [5245]

VM Region Info: 0x18 is not in any region. Bytes before following region: 140737486942184

REGION TYPE START - END [ VSIZE] PRT/MAX SHRMOD REGION DETAIL

UNUSED SPACE AT START

Model: MacBookAir8,1, BootROM 1968.100.17.0.0 (iBridge: 20.16.4252.0.0,0), 2 processors, Dual-Core Intel Core i5, 1.6 GHz, 8 GB, SMC

Graphics: Intel UHD Graphics 617, Intel UHD Graphics 617, Built-In

Display: Color LCD, 2560 x 1600 Retina, Main, MirrorOff, Online

Memory Module: BANK 0/DIMM0, 4 GB, LPDDR3, 2133 MHz, 0x80AD, 0x483943434E4E4E435054414C42522D4E5644

Memory Module: BANK 1/DIMM0, 4 GB, LPDDR3, 2133 MHz, 0x80AD, 0x483943434E4E4E435054414C42522D4E5644

AirPort: spairport_wireless_card_type_wifi (0x14E4, 0x843), wl0: Dec 9 2022 21:56:33 version 9.30.492.0.32.5.82 FWID 01-89d3bca0

Bluetooth: Version (null), 0 services, 0 devices, 0 incoming serial ports

Network Service: Wi-Fi, AirPort, en0

USB Device: USB30Bus

USB Device: T2Bus

USB Device: Apple Internal Keyboard / Trackpad

USB Device: Headset

USB Device: Ambient Light Sensor

USB Device: FaceTime HD Camera (Built-in)

USB Device: Apple T2 Controller

Thunderbolt Bus: MacBook Air, Apple Inc., 47.5