composer update error: php version

[thuanphamsoftware]

Hello,
Is this still a supported project? I am trying to just run the code, but haven't able to at all,
Problem 1
- laravel/framework[v5.8.0, ..., 5.8.x-dev] require php ^7.1.3 -> your php version (8.2.12) does not satisfy that requirement.
- Root composer.json requires laravel/framework 5.8.* -> satisfiable by laravel/framework[v5.8.0, ..., 5.8.x-dev].