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In this video, we learn about the new feature of Blazor 4.7 - the get and set modifiers. Data binding in Blazor allows synchronization between a variable and a control. The get and set modifiers provide more control by allowing the execution of a function during data binding. An example use case is ensuring the text of a text box is always in uppercase. The tutorial then walks through creating a Blazor webassembly app and implementing data binding for a text box variable.