TARS AI, a leading Solana-backed artificial intelligence infrastructure provider, was one of the top-performing tokens on August 20. The TARS Protocol token rose by 14.45%, continuing an uptrend that began on August 15 when it bottomed at $0.990. This surge followed announcements from developers about four new AI products set to release in the next 30-60 days in partnership with Google.

Earlier this year, TARS was accepted into the Google Startup Program. This initiative supports emerging companies, and TARS AI has been leveraging this opportunity to develop an entire AI product suite. These products will be available on an AI super-app, providing comprehensive AI solutions on the Solana blockchain.

“Some of our team members spent time at Google for 4 upcoming AI products that we will be releasing in the next 30-60 days.”

This development follows the launch of a $2 million ecosystem fund by TARS AI developers two months ago. The fund aims to support developers within its ecosystem, aligning with the growing global interest in AI projects. Notably, OpenAI has reached an $80 billion valuation, while Elon Musk’s X.ai is valued at $24 billion.

TARS AI aims to bridge the gap between the AI and Web3 worlds. The project’s infrastructure is designed to help companies and organizations build and deploy conversational applications. TARS is among a few blockchain companies striving to make significant inroads in the AI industry.

One of the notable players in the sector, the Artificial Superintelligence Alliance (FET), was formed by merging Fetch, Ocean Protocol, and SingularityNET. Other projects like Akash Network and Render have developed infrastructure solutions that enable people to share their Graphics Processing Unit (GPU) resources.

On the price front, the TARS AI token rallied after bottoming at $0.10, a level it failed to dip below in June, July, and August. The token also moved above the descending trendline connecting the highest swings since June 15. TAI has flipped the 25-day moving average from resistance to support, invalidating the descending triangle pattern. Therefore, the token could continue its upward trend, with the next reference point to watch being $0.17, its highest swing on July 26 and 25% above the August 20 high.

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