Meaning of the word monetize in English

What does monetize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

monetize

US /ˈmɑːn.ə.taɪz/
UK /ˈmʌn.ɪ.taɪz/

Verb

1.

to convert into or express in the form of currency

Example:
The government decided to monetize its gold reserves.
They are looking for ways to monetize their intellectual property.
2.

to make money from something

Example:
Many content creators try to monetize their online presence.
The company plans to monetize its user data through targeted advertising.