I use an LG 38GN950-B monitor that was working fine through the upgrade to Big Sur version 11.0. It's connected to my 16" MacBook Pro (early 2020 build) through a Thunderbolt dock, and from the dock to the monitor via DisplayPort.
This monitor's native resolution is 3840 x 1600. My MacBook Pro normally drives the monitor at that resolution at 75 Hz in HDR mode. Upon upgrading to Big Sur version 11.1, I could no longer convince macOS to offer resolutions for the monitor above 1080p. I tried the various tools suggested here and in the Apple Support threads (e.g. DisableMonitor and EasyRes), tried dropping down the DisplayPort version from 1.4 to 1.2 and even 1.1, restarting and reconnecting everything in various orders, all to no avail.
So far the only partial workaround I've found is to switch to using HDMI. Doing so allows the monitor to work again at its native 3840 x 1600 resolution, but only now at 30 Hz, and without HDR.