Background
I wanted a different packages to work on different things. I don't want to have a single package that would contain everything. I wanted flexibility on creating and testing code. So went to nx package based approach.
Prerequsite
I used nx VS code extension to create/generate the package. This made it easier to create the package.
Setup
We just need to follow along the setup steps and the package would be created at the end of the steps.
nx follows it's own project configuration - https://nx.dev/reference/project-configuration
For more information the above 👆 link can be followed.