Why is it called a voxel?

Could you elaborate on the term "voxel" and its significance in the context you're referring to? Is it related to the digital representation of a three-dimensional space, perhaps in the realm of computer graphics or blockchain technology? Is there a particular reason why this term was chosen, and what does it signify in terms of functionality or purpose? Understanding the origins and meaning of "voxel" in this context would greatly assist in comprehending its relevance and application.