Source https://eshop.macsales.com/blog/71415-all-startup-modes-for-m1-macs/
Verbose Mode
Back when I was studying for Mac OS X certification, verbose mode was a popular way to see the details of the Mac startup process. Basically what it does is show all of the processes that are being loaded in the UNIX underpinnings of macOS. When there’s something that is keeping a Mac from booting normally, or if the boot is taking longer than usual, verbose mode can pinpoint the process that is at fault.
Enter verbose mode on an Intel Mac, and all of the processes scroll by. Now, there is a way to enter verbose mode on an M1 Mac using a change in NVRAM (non-volatile RAM), but that’s not something that should be done without really knowing what you’re up to as any issues may lead to a complete system reinstall.
To set up your M1 Mac to go into verbose mode, open a Terminal window (either from a normal boot or from the Utilities menu in Recovery mode) and type in:
sudo nvram boot-args=”-v”
Once the command has been entered, quit out of Terminal and reboot the Mac to enter verbose mode.
As a safer alternative, reboot the M1 Mac in Recovery mode (see instructions earlier in this post). When the Recovery mode screen appears, select Recovery Log from the Window menu. This log records the boot process, and can be set to show all logs, errors only, or errors and progress.
Unless you are aware of what all of the various startup processes entail, verbose mode is really not a tool for general usage.