Nvidia's Grid game streaming service is ready for prime time. The Santa Clara-based graphics giant is rebranding the on-demand service as GeForce Now with plans to compete directly with services like PlayStation Now at a much cheaper price point.

GeForce Now will offer the opportunity for subscribers to play titles at up to 1080p @ 60 frames per second on their Shield console, Shield Tablet or Shield Portable handheld consoles.

Gamers will be able to choose from a library of more than 50 games which mostly consists of titles that have been available for some time now. Examples of games offered at launch include Alan Wake, Ultra Street Fighter IV, Grid 2, Dirt 3, Borderlands and multiple Batman titles, just to name a few.

Nvidia is also offering some newer games that can be purchased outright and played instantly such as The Witcher 3: Wild Hunt, Saints Row: Gat out of Hell and Resident Evil: Revelations 2.

Game streaming thus far has proven to be a cutthroat industry as pioneer OnLive ultimately tanked. Nvidia will be joining a market already populated by the aforementioned PlayStation Now, a streaming service from GameFly and several Android game consoles.

GeForce Now launches on October 1 in North America, the European Union and Japan priced at $7.99 per month. Nvidia is offering a free three-month trial membership which should be more than enough time to determine if the service is worth the money.