I've been looking for information about this, but I don't find anything. I think there's no version available at Oracle site for installing Weblogic 12.2.1.X on Apple M1 devices, but maybe it's possible to do it using Rosetta 2.
Has somebody tried it? I cannot because I don't have an M1 device yet, but I'm wondering because I still develop soft that runs on Weblogic.