Assuming you’re talking about Nouveau, it’s pretty hit or miss depending on what card you have. My previous laptop had an MX330 and it couldn’t do hardware acceleration stuff and 120Hz via HDMI, not to mention screen sharing on Wayland was wonky.
Oh, and it’s worth to mention that “their” open source driver had nothing to do with Nvidia themselves; they absolute do not care, as opposed to AMD.
The driver you’re likely referring to is NVK, which is also not developed by Nvidia, check out the annoucement post by Collabora, it says:
And also
So they’re developing a driver based off headers made available by Nvidia and some of the reverse engineered code from regular Nouveau. In fact, it seems to be a branch of Nouveau as it stands:
So the “OSS drivers from Nvidia” aren’t what makes it work, it’s the whole community effort to build NVK from scratch.
Regardless, it only supports the most recent cards using Turing architecture. From mesa3d docs: