It works by projecting the earth onto an icosahedron (a D20) and then unfolding it. Distortion is fairly low and roughly equal across all the continents; here's a graphic that demonstrates the relative distortion: https://en.wikipedia.org/wiki/Dymaxion_map#/media/File:Dymax...
Honorable mention to the Peirce quincuncial projection, which both tiles the plane and also cleverly arranges the continents to concentrate distortion into the oceans, as an alternative aesthetic projection: https://en.wikipedia.org/wiki/Peirce_quincuncial_projection