Sui Kiosk: A "self-service platform" for creators to build encryption assets

Sui Kiosk is a native tool on the Sui blockchain designed to help creators and IP holders realize their business models in a blockchain environment. It provides creators with flexible options, allowing them to set transaction conditions in various trading scenarios. This article will introduce the concept of Sui Kiosk, its application in the SuiFrens project, and how creators can use it to manage digital asset transactions.

The Essence of Sui Kiosk

Sui Kiosk can be seen as a self-service vending machine in the digital world, specifically designed for selling digital assets and collectibles (like NFTs). By creating and placing assets in the Sui Kiosk, creators can define transfer policies and rules that will govern the future ownership, market sales, and management of the assets.

The core components of the Sui Kiosk include:

1. Kiosk + KioskOwnerCap: Basic components that allow owners to store and list assets.
2. TransferPolicy + TransferPolicyCap: Defines the conditions for the trading or sale of assets.
3. Rules: The specific terms within the TransferPolicy that dictate how to transact the objects.

This design gives the Sui Kiosk great flexibility, allowing it to adapt to various complex transaction scenarios, such as auctions and lotteries.

Kiosk Application in the SuiFrens Project

In the SuiFrens project, 380,000 Bull Shark NFTs are distributed through Kiosk. These NFTs are controlled by Kiosk and can only be traded on NFT markets that support Kiosk, with royalty provisions in place.

Two key rules have been implemented in the SuiFrens Bull Shark Kiosk:

1. Copyright Rules: Specify the payment of a certain amount of royalties to the creator during secondary sales.
2. Locking Rules: Prevent assets from being traded outside the Kiosk, ensuring that royalty rules are not circumvented.

This combination demonstrates a simple yet effective mandatory royalty enforcement mechanism.

Kiosk User Guide

Creators can use Kiosk by following these steps:

1. Use the Publisher object to create a TransferPolicy for the asset.
2. Define rules in TransferPolicy, such as royalty rules and lock-up rules.
3. Ensure that all transactions meet the conditions set forth in the TransferPolicy.

Currently, the new rules under development include:

• Soul Binding Kiosk: Binds assets to a specific owner.
• Minimum Price Rule: Allows creators to set the minimum selling price of the asset.

The combination of these rules will provide powerful protection and control tools for IP creators on Sui.

Future Development of Kiosk

The Sui Kiosk is not limited to simple royalty applications; it can also support more complex business models. The development team is exploring the possibility of supporting customized trading scenarios such as auctions and lotteries, as well as transforming business models like licensing.

The design concept of Sui Kiosk is to achieve a balance of fairness, creator control, and transparency in a decentralized environment. With more features being developed and applied, Sui Kiosk is expected to become an important tool for creators to manage and trade digital assets in the blockchain world.