I know you have seen the new button for the Monogram Function on your canvas for Design Space. But have you tried it yet? It is very basic to use but it does have a few limitations. And actually it solves one problem of the monogram for which there are some very complicated tutorials out there. See if you can spot it in this video.
This video will teach you the ins and outs and limitations of the new monogram tool in Design Space. It even has three different examples of what you can use them for.
Try this new Monogram Function and have fun with it! And let me know what else you create!