A really neat concept. It uses a special hinge design, a magnetic encoder and torque modulation to control the lift of the rotor as it spins. Completely negates the need for a conventional helicopter's swash plate.
The single motor does have the pretty major downside that it spins the moment it's in the air. I suspect a 2 motor drone with a tail motor would be a lot more practical. But I really like how mechanically simple the rotor hinge design is - it pushes all the complexity into the control algorithm.
Perhaps there are specific applications where the payload spinning could be an advantage, imaging/scanning perhaps (which in the video is going to be in the next iteration for the builder).
Note that the concept itself has been done before in RC helicopters. The only difference here is using a one-propeller drone.
https://hackaday.com/2020/06/25/building-and-flying-a-helico...
https://www.youtube.com/watch?v=d80oXSCcHTk