An Nvidia GPU is necessary for fast operation.
Compression is getting so heavy that soon it isn't possible to perform it on normal hardware. AV1 already proved that, the future audio/video codecs will be even heavier.
Decompression is also getting heavier. Poor mobile devices.
I'm starting to appreciate well written algorithms which don't require massive computing power. JPEG XL is a good example. It has the same compression ratio as AVIF, but requires less processing power.