Isn’t this a mesa issue?
It doesn’t even get as far as the gnome wayland desktop, let alone crash out when launching an app. I will try downgrading mesa none the less to see if makes a difference.
I have read different behaviors on GNOME and KDE. Downgrading mesa won’t do any harm, you can revert if this isn’t the issue.

I have read different behaviors on GNOME and KDE. Downgrading mesa won’t do any harm, you can revert if this isn’t the issue.
dnf downgrade mesa*
No matches for wildcard mesa*
EDIT: never mind, found the necessary drivers to downgrade. KDE and GNOME Wayland both login and apps open without issue so far!
Thanks

dnf downgrade mesa*
No matches for wildcard mesa*
Your shell probably expanded the wildcard and since it did not find a matching file gave that response.
That should have been run as dnf downgrade mesa\*
; then dnf would have expanded the wildcard instead of the shell expanding it.
Added mesa
According to this Bugzilla comment, the mesa issue has been solved, and version 24.1.2-7.fc40 is now in the stable repo.
Please post a comment here if the new version is working for you.

Please post a comment here if the new version is working for you.
Yes update’s working