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Since you have an Nvidia GPU, their drivers have been unstable since December and they only recently started fixing these problems with driver 461.51. So maybe that driver would solve your issue or the last known good driver 457.51 would.
Up to this day, Nvidia has not fixed all the new issues they introduced. Version 461.40 is not the latest version, you can get 461.51 from here: https://www.nvidia.com/en-us/geforce/forums/game-ready-drivers/13/432343/announcing-geforce-hotfix-driver-46151-released-25/ they fixed Wallpaper Engine crashing on start up there like you can see from the changelog. I don't know if your problem is fundamentally related to that or not, but otherwise you can download driver 457.51 which is the last known good version. If you don't need to have the latest driver for Cyberpunk 2077 then you can install 457.51 to fix your PC and wait until Nvidia improves their drivers again to get them to the same stability as before.
Like the guide explains, Wallpaper Engine uses hardware video decoding which games don't use and most video players don't and if you have multiple monitors then Wallpaper Engine can create multiple 3D windows for each wallpaper which isn't something any game does and most applications don't either.
Nvidia is responsible for providing a stable driver that supports everything Windows has to offer and they broke things related to multi-monitor support and video playback, which you can see when you glance over all the new issues people reported with these drivers on their driver forums. There is nothing we can change from our end, we are adhering to how graphics work in Windows and Nvidia has to ensure that their graphics drivers do the same, if they don't, Windows breaks.