I tried to start the game on 4 GB and 8 GB - the same error, and after the game turns off Edition Windows 11 Pro Insider Preview Version Dev Installed on 11/5/2021 OS build 22483.1000 Experience Windows Feature Experience Pack 1000.22483.1000.0 Video evidences:
Its even running on 4GB Windows 11 and 2GB Windows 10 , so i dont think so problem in Macbook Air 8GB
i have exactly the same issue with my imac M1 16 GB , i try also no limit for video memory in Parallels last version. d2 resurrection can't start . please check this issue, is for direct x 12 support wrong on os ?
This is an answer from support: Apparently, the game seems to require DirectX 12, which is currently not yet supported in Parallels Desktop virtual machines (11 being the latest DirectX version supported). Our Development Team is actively working on implementing the support.