The Ultimate Guide to Python Programming With Python 3.10 - Creating Class with type()

The video tutorial explains how to create a class in Python using the type function, which acts as a metaclass. It demonstrates the process by implementing a Dollar class that inherits from a Currency class. The tutorial covers defining class attributes and methods, including using lambda functions for concise method definitions. It also discusses the role of metaclasses in Python, highlighting how they add methods to classes during creation. The tutorial concludes with creating and testing instances of the class to verify functionality.

What is the significance of the 'add' function in the class definition?

How do metaclasses relate to class creation in Python according to the text?