Out of video memory trying to allocate a rendering resource

Hello, I have been having problems running the game Arc Raiders. The game opens, and the tutorial even ran fine. However, when I enter a match, a pop-up appears with the message: Out of video memory trying to allocate a rendering resource. Exiting… Here is the full error:

LowLevelFatalError [File:.\Runtime/D3D12RHI/Private/D3D12Util.cpp] [Line: 1046] Out of video memory trying to allocate a rendering resource 0x00007ff679bd02bc PioneerGame.exe!UnknownFunction 0x00007ff679b8e9b5 PioneerGame.exe!UnknownFunction 0x00007ff679b81e7b PioneerGame.exe!UnknownFunction 0x00007ff679ce1721 PioneerGame.exe!UnknownFunction 0x00007ff679cca55c PioneerGame.exe!UnknownFunction 0x00007ff677a68a13 PioneerGame.exe!UnknownFunction 0x00007ff677a5aaf9 PioneerGame.exe!UnknownFunction 0x00007ff677a4a276 PioneerGame.exe!UnknownFunction 0x00007ff677a67cb5 PioneerGame.exe!UnknownFunction 0x00007ff677acf4e3 PioneerGame.exe!UnknownFunction 0x00007ff677c66bf5 PioneerGame.exe!UnknownFunction 0x00007ff677c63626 PioneerGame.exe!UnknownFunction 0x00007fff79b17374 KERNEL32.DLL!UnknownFunction Crash in runnable thread Background Worker #4

My setup:

Ryzen 5500
16GB RAM
Gigabyte RX7600

I have already added “-dx12” in the launch options, but without success. I have also checked the integrity of the files, and it says everything is fine.