The default location is C:\ProgramData\Marmoset Toolbag 4\library\ - you can customize this in Edit > Preferences > Library.
The Download path sets the location for first-party content downloaded from Marmoset's server, while the User Files path sets the location of any custom-created assets. Both can be customized.
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The Download path sets the location for first-party content downloaded from Marmoset's server, while the User Files path sets the location of any custom-created assets. Both can be customized.