I discovered after DUPing to the 20240124-0 snapshot that VLC crashes when I attempt to load any video.  I enabled debug and error logs for VLC, and found:

EGL_EXT_swap_buffers_with_damage EGL_KHR_cl_event2 EGL_KHR_config_attribs EGL_KHR_context_flush_control EGL_KHR_create_context EGL_KHR_create_context_no_error EGL_KHR_fence_sync EGL_KHR_get_all_proc_addresses EGL_KHR_gl_colorspace EGL_KHR_gl_renderbuffer_image EGL_KHR_gl_texture_2D_image EGL_KHR_gl_texture_3D_image EGL_KHR_gl_texture_cubemap_image EGL_KHR_image EGL_KHR_image_base EGL_KHR_image_pixmap EGL_KHR_no_config_context EGL_KHR_reusable_sync EGL_KHR_surfaceless_context EGL_KHR_swap_buffers_with_damage EGL_EXT_pixel_format_float EGL_KHR_wait_sync EGL_MESA_configless_context EGL_MESA_drm_image EGL_MESA_image_dma_buf_export EGL_MESA_query_driver EGL_NOK_texture_from_pixmap EGL_WL_bind_wayland_display 

I next tried installing the flatpak version of VLC, which also crashed, with this error message:

libEGL warning: egl: failed to create dri2 screen

VLC works properly if I log in with X11.

The 20240124-0 snapshot brought in a passel of mesa updates.  VLC worked properly under Wayland with the 20240123 snapshot. 

I'm using the nvidia 550.40.07 driver installed "the hard way" with KDE Plasma.