Start with a pointed $\infty$-groupoid $X$. Consider $X$ as a pointed $\infty$-category and construct the free ~~pointed~~ monoidal $\infty$-category $\bar{X}$. This free construction $\bar{X}$ is at least an $\infty$-groupoid too. How is the homotopy type of $\bar{X}$ related to the homotopy type of $X$?

This seems to be a James construction in the context of $\infty$-groupoids, but I can't be sure. That is, conjecturally, $\bar{X}\simeq \Omega\Sigma X$.