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New Release OBS Studio 30.2
(github.com)
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A good video codec that is free!
A ~~good~~ fast video codec that is ~~free~~ included with some video cards!
You've certainly paid for it, and it's focus is on giving acceptable quality at high speed. For example, for streaming.
Isn't NVENC a hardware thing or a middleman for encoding boost?
It is literally just Nvidia Encoder. So hardware encoding on Nvidia GPUs. What codes are supported depends on the GPU
So it's definitely not a codec.
A codec is a module that encodes and decodes (COder/DECoder...CoDec) information into a format. That format might be H.264 or VP9 or whatever.
So yes. NvEnc is a codec, or at least, it is when partnered with the hardware decoding also. It's a codec for multiple formats.
No idea something GPU related I think. But AV1 is the codec, which is free and performant and high resolution.