I have a GTX 1050 2G, mine is below the minimum but it still works, if a bit slow. If you have a problem in the Valley of Ancient Project setting to D3D12 and Vulkan see my post
UE50EA Nanite problem in Valley of the Ancient Demo - Unreal Engine 5 Early Access / Feedback for Unreal Engine 5 Early Access - Unreal Engine Forums
Its big and needs to run from an SSD or very recent hard drive or it will be slow