License key not working on new Macbook M1 MacOS BigSur

Hello, my old macbook could not be repaired, so Apple gave me a new macbook pro with M1 chip in exchange. I have a license key for Parallels Desktop10, but I could not install this on the new macbook. Installing Parallels Desktop17 was succesful but the old license key doesn't work with it. Could you please help me with a new license key?