Asset management is an excellent add-on to manage assets in Blender. It sets up a folder structure based on categories and libraries in a folder specified by the user.

When we add new assets to the library we can choose to render thumbnails on the fly and have them displayed in the interface immediately. This is a great feature that saves a ton of time while giving the user a good representation of the asset right in the interface.

Many other asset management add-ons miss this feature.

However, I have noticed that this add-on isn't always kept up to date with the latest version of Blender. It often takes some time for the developer to update it.