[Bug]: Uncaught TypeError: Class extends value undefined is not a constructor or null

[MilanObrenovic]

Prerequisites

• I have checked that @thirdweb-dev/react and the @thirdweb-dev/sdk are on the latest stable version and the bug still exists.
• I have checked existing issues and I was unable to find a duplicate of this.

Describe the bug
After following this tutorial: https://www.youtube.com/watch?v=nXMF7aeHXuo
within the first 3-4 minutes of the video when i try to run the react app i'm getting a console log error "Uncaught TypeError: Class extends value undefined is not a constructor or null"

Expected behavior
Run the react app successfully

Screenshots
Error:

Code that caused this error (line 9 and 11):

Also code that caused this error (line 9-12, line 23):

Package versions:

• @thirdweb-dev/react: [^2.4.8]
• @thirdweb-dev/sdk: [^2.3.27]
• node: [v16.15.0]
• typescript (if applicable): [^4.6.3]

Reproduction link
None

Additional context
None