@t0xic0der , thanks for general help as my problem with kernel modules missing have been solved. One final step was to set x-org as my default windowing system as suggested by @leviathan. Now everything works as it should. Thank You all people. I can say I am a happy fedora 34 user now. See You again.
Glad to be of your assistance and to know that you love using Fedora 34.
akdods --force && dracut --force
worked fine with no errors.
But the resolution for me too was to disable Wayland (enable xorg).
EDIT: I disabled Secure Boot also.
Please stick to X11 if that is what works for you.
I would have to investigate more as to why Wayland does not work even when I am running it just fine with a PRIME config. I will try to keep you posted with the outcomes.