How does RMRK2.0 exist on the Polkadot/Kusama blockchain (deconstructing an example)

The RMRK team shared an example of RMRK2.0. Along with it is a Crowdcast demonstration, or a Youtube video. It's all quite lovely, and I spent many hours pouring over it, milking it for its vast content. In a quest to poke RMRK2.0 from a different angle, I compiled this walkthrough of RMRK2.0 based on the example. The goal is to share my experience discovering what RMRK2.0 is, and how it exists on a Polkadot/Kusama blockchain.

I hope you find some value in it.
