Wilmington, Delaware – Myzantium Inc. launched an early preview of Wonga Bazaar, a unique iPad app that lets users vicariously experience the ups and downs of a village economy in an earthly and colorful ambience. Wonga Bazaar lets a trader buy or sell a versatile range of commodities in an authentic marketplace where market impacting events are delivered through a traditional drumbeat. The preview version has a beginner level with many more levels planned.
Founder Nat Ramachandran cites an article by Professor Greg Mankiw of Harvard in The NewYork Times as the inspiration behind the creation of the app. In a NewYork Times column of 2010, Prof. Mankiw writes, “With the rise of 401(k) plans and the looming problems with Social Security, Americans are increasingly in charge of their own financial future. But are they up to the task?” Mr. Ramachandran continued, “In the aftermath of the 2008 Financial Crisis it struck me that traditional ways of learning about finance are too abstract and disconnected.”
Mr Ramachandran says, “I thought of coming up with a solution which could be fun and educational. Me, and my co-founder, Kannan Mahalingam, were inspired to create Wonga Bazaar, where you can learn basic finance through role playing and experience the fluctuations of a business cycle without bankrupting your 401(k). This is targeted at the socially connected and mobile youngsters who can learn from their own and each other’s experiences.”
The app creatively showcases the fluctuations of demand and supply in an entertaining manner. Despite the complexity foisted by the world of modern finance, the app distinguishes itself by showing the simplicity involved in trading within a self-contained village ecosystem. Events in Wonga Bazaar range from the seasonal weather changes to the autocratic whims of the Prince and culinary experimentations of the Princess of Wongaland. The trader has to constantly make a choice between timing the market and holding a diversified portfolio of commodities and navigate the challenges endured by a village economy.
* Compatible with iPad
* Requires iOS 4.0 or later
* 18.5 MB
Pricing and Availability:
Wonga Bazaar Lite 1.0 is Free and available worldwide exclusively through the App Store in the Entertainment category.
Myzantium Inc. creates a new genre of ‘Intelligent Entertainment’ that appeals to the right and left brained. Our goal is to tie the insipid world of finance with learning by blending authentic imagination, unique creativity and superior entertainment to help you learn as you play. Copyright (C) 2012 Myzantium Inc. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries.