Mastering WidgetKit in SwiftUI 4, iOS 16 with Dynamic Island - Color Extension

This video tutorial explains how to extend color functionality in SwiftUI by storing color values as hex strings in Core Data. It covers creating a color extension with an initializer that converts hex strings to color objects using bit manipulation. The tutorial also discusses generating random hex colors for storage and rendering, and concludes with a brief overview of hex color format. The next video will focus on developing a Core Data manager.

Explain how the hex string is converted into a color object when retrieving data from Core Data.

What is the format of a hex color code as explained in the video?