The best Virtualization alternative to WayDroid is Nox App Player, which is free. If that doesn't suit you, our users have ranked more than 25 alternatives to WayDroid and six of them are Virtualization Tools so hopefully you can find a suitable replacement. Other interesting Virtualization Tool alternatives to WayDroid are MEmu, Anbox, LDPlayer and Bliss Os.
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lighter weight than Bluestacks (and not riddled with ads and attempts to install other stuff). Better than WayDroid in that it is just simpler out-of-the-box for end users. As a developer, would recommend Visual Studio emulation or more specific VMWare/Windows Hypervisor approach