api-ms-win-downlevel-kernel32-l2-1-0.dll Error - Unreal 4.26 - 2021

Quick post, on how to resolve this error, in Unreal engine 4.26. Recently updated Unreal Engine from 4.25, to 4.26, and got this error:
"api-ms-win-downlevel-kernel32-l2-1-0.dll Error - Unreal 4.26 - 2021"

Please avoid, downloading DLL files from random sources from google results. My initial search from page 1 results led to a number of dubious sites, and even youtube videos asking people to download packages.. More than likely, these are malware.

Two solutions to this:

Why Blender 3D will not be used in Production - A UX design Issue?

Why isn't belnder used in production? A UX design issue?

Blender 3D has been around for a good 20 ish years, yet we don't see it in production. For a fully functional 3D software, with new functionality and improvements being constantly added. Which gets updates faster than Maya, 3DSMax, or other industry standards. One has to wonder why? - Why has it not been more widely implemented in the industry?