Access System Settings and choose System.
Under Formatting Options select Initialize Console. This menu is for initiating the reset.
Follow the prompts to complete the reset: Next > Next > Initialize
The reset may take a few minutes to complete. Keep an eye on the console and make sure all of your settings are completely removed when it's finished.
A new year brings new games! Nintendo hosted their first Nintendo Direct livestream of 2022 February 9th, and we were not disappointed.