Frisky Mongoose

Released earlier this week, the latest social game from Booyah sounds a lot like Monopoly with a twist.

Using the iPhone’s GPS capabilities, MyTown enables players to interact with real-life locations and friends for the most realistic economic simulation experience yet. MyTown is a location-based iPhone app that allows users to buy and own your favorite real-life locations, collect rent when other people check-in to your shops, and upgrade your shops to increase their value.

In short, if you own an iPhone, like Foursquare and/or love beating your friends in Monopoly, MyTown is definitely worth a shot – especially for the low price of FREE and available on the App Store now.

Related posts:

1. FreeAppADay for 04/08/10: MyTown
2. MyTown has Over 450,000 Residents
3. MyTown Passes 1 Million Residents
4. Location-Based Meta Games Are Catching On
5. MyTown “Check-In” App Has Blown All Major Competition Off the Map