Running a beta OS from 2017 natively on modern Apple Silicon (M1/M2/M3) is impossible due to architecture differences (Intel x86_64 vs. ARM64).
Released on June 28, 2017, Beta 5 focused on stabilizing the "under-the-hood" performance of the Mac. 16G23a (Developer Beta 5). Primary Improvements: Macos Sierra 10 12 6 Beta 5 Dmg Xcode Beta Dmg