Annoyingly enough, it seems like Roblox removed the local assets folder property in studio settings without any explanation.
With local assets folder gone, I have to look up alternatives to import files from my computer directly onto studio. However, the solution to this post doesn’t seem to work.
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After taking a look at the face decal of the default character rig, it looks like rbxasset:// is actually the content folder inside of the roblox studio folder. So you should be placing your assets into the content folder.
Of course, you should always back up your assets as they’ll be gone when roblox studio updates.
Keeping the post up if anyone else in the future is facing the same problem
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