I created an RN application and it is not running on the device when I create an APK (debug or release)

It gives the following error (used flipper to get the logs)

It works when using the "npx react-native run-android", however not when I create a standalone apk.

Following is the package json dependencies:

if anyone can help me with how should I narrow down the issue or how I should proceed with resolving this. It would be great help