I agree with @FireX, the library could do with some added features for simplicity. I wanted to add a new library and the only way to organize it into a folder, is to import the entire library and then drag each and every effects into a new folder. Why not allow the entire folder to import in the first place?
Downside of dragging all the effects into a folder, apart from it’s extremely time-consuming, it crashes almost every time I drag more than 5 or so files.
Please provide an update with some attention given to better organizing the library effects, thank you.