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Monetization is a buzzword for adapting non-revenue-generating assets to generate revenue. Failure to monetize web sites is a problem that causes many startups to fold. Web sites that do generate revenue are often monetized via advertisements or subscription fees. (Source: WikiPedia)

To monetize is to convert an asset into or establish something as money or legal tender. The term monetize has different meanings depending on the context. It can refer to methods utilized to generate profit, while it also can literally mean the conversion of an asset into money. (Source: InvestOpedia)

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Monetization
Definition of "Monetization" by Chat GPT: Monetization refers to the process of generating revenue from a website, app, content, or online platform. This can involve various strategies such as advertising, subscription fees, selling products or services, or other methods to make money from a digital asset.
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