Unable to TFTP boot RB750Gr3

I'm trying to install OpenWrt on a RouterBOARD hex RB750Gr3, but even though the image is loaded, it is not booted.

$ sudo dnsmasq --no-daemon --listen-address=192.168.1.10 --bind-interfaces --interface=en11 --dhcp-authoritative --dhcp-boot=openwrt-24.10.0-ramips-mt7621-mikrotik_routerboard-750gr3-initramfs-kernel.bin --bootp-dynamic --port=0 --dhcp-range=192.168.1.100,192.168.1.200 --log-dhcp --enable-tftp --tftp-root=$PWD
Password:
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Password:
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Password:
dnsmasq: started, version 2.91 DNS disabled
dnsmasq: compile time options: IPv6 GNU-getopt no-DBus no-UBus no-i18n no-IDN DHCP DHCPv6 no-Lua TFTP no-conntrack no-ipset no-nftset auth no-DNSSEC loop-detect no-inotify dumpfile
dnsmasq-dhcp: DHCP, IP range 192.168.1.100 -- 192.168.1.200, lease time 1h
dnsmasq-tftp: TFTP root is /Users/stb/Downloads  
dnsmasq-dhcp: 2618474611 available DHCP range: 192.168.1.100 -- 192.168.1.200
dnsmasq-dhcp: 2618474611 vendor class: MMipsBoot
dnsmasq-dhcp: 2618474611 tags: bootp, en11
dnsmasq-dhcp: 2618474611 BOOTP(en11) 192.168.1.126 f4:1e:57:1b:32:7f 
dnsmasq-dhcp: 2618474611 bootfile name: openwrt-24.10.0-ramips-mt7621-mikrotik_routerboard-750gr3-initramfs-kernel.bin
dnsmasq-dhcp: 2618474611 next server: 192.168.1.10
dnsmasq-dhcp: 2618474611 sent size:  4 option:  1 netmask  255.255.255.0
dnsmasq-dhcp: 2618474611 sent size:  4 option: 28 broadcast  192.168.1.255
dnsmasq-dhcp: 2618474611 sent size:  4 option:  3 router  192.168.1.10
dnsmasq-tftp: sent /Users/stb/Downloads/openwrt-24.10.0-ramips-mt7621-mikrotik_routerboard-750gr3-initramfs-kernel.bin to 192.168.1.126
^C%                                                                                                                                                            

Instead, after the double beep, I find myself back in RouterOS. RouterOS lists the current firmware as 6.49.16, so I thought I should not have a problem. The config is stock (fresh out of the box).

Do I need to downgrade to an earlier version?

It shouldn't be necessary. I recently flashed such a device from version 6.49.18 (but I used TinyPXE).

In case you have downgraded the RouterOS version from v7, run /system routerboard print to verify that the bootloader has also been downgraded.