A tesseract (hypercube) is the 4D analogue of a cube. It has 16 vertices, 32 edges, 24 square faces, and 8 cubic cells. What you see is its stereographic projection into 3D as it rotates in the XW, YW, and ZW planes.
Stereographic: ℝ⁴ → ℝ³
(x,y,z,w) ↦ d/(d−w) · (x,y,z)
d = 4 (projection distance)
XW plane — rotates x against the 4th dimension
YW plane — rotates y against the 4th dimension
ZW plane — rotates z against the 4th dimension
In 4D there are 6 independent rotation planes (vs 3 axes in 3D)