Sui Kiosk: Digital Self-Service Machine for Encryption Assets

Sui Kiosk is a native feature on the Sui blockchain designed to help creators and IP holders realize their business models. It provides creators with flexible options to set transaction conditions in various trading scenarios.

Definition and Functions of Sui Kiosk

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

The basic components of Sui Kiosk include:

1. Kiosk and KioskOwnerCap: basic components that allow owners to deposit assets and list them for sale.
2. TransferPolicy and TransferPolicyCap: define the conditions for asset trading or sales.
3. Rules: The specific terms within the TransferPolicy specify how to trade the objects.

The Sui Kiosk also allows for extensions to enable more complex scenarios, such as auctions and lotteries.

Kiosk Application in SuiFrens

Mysten Labs applied Kiosk in the SuiFrens Bull Shark NFT project, primarily reflected in two key rules:

1. Copyright rules: stipulate that a certain amount must be paid to the creator upon resale.
2. Locking Rules: Prevent assets from being traded outside the Kiosk, ensuring that the royalty rules are not circumvented.

This combination demonstrates a simple example of mandatory royalty enforcement.

User Guide for Kiosk

Creators can specify different requirements for each type of asset. Taking SuiFrens Bull Shark as an example, its TransferPolicy defines two rules:

1. Royalty Rules: The amount of royalties to be paid when selling in the secondary market is specified.
2. Locking Rules: Ensure that assets can only circulate through NFT markets that support Kiosk.

In addition, the new rules under development include:

• Soulbound Kiosk: Makes a certain asset exclusive to a single owner
• Minimum Price Rule: Allows creators to set a minimum selling price for assets.

The Future Development of Kiosk

Sui Kiosk is not limited to simple royalty applications, but can also support more complex business models. The development team is working with creators to evaluate opportunities for providing customized trading scenarios and business model transformations.

The native features of Sui Kiosk allow for transactions and business activities in a decentralized environment while ensuring fairness, creator control, and transparency. With the development and application of more features, Sui Kiosk will provide creators with more powerful tools to help them realize diverse business models in the blockchain world.