This paper presents a disruptive approach "Immersive Networking" enabling massively distributed IoT nodes to participate in autonomous and cooperative decision-making. The approach is mandated by perceived limitations in 5G networking architecture maintaining control in the edge gateway. In our approach, control may be delegated to clusters of IoT nodes beyond the edge gateway. The communication is event-based involving publish-subscribe between related nodes. Clusters are identified in an autonomic fashion based on multi-criteria proximity. Local decisions can combine global and local context information to establish network slices in a decentralized fashion based on application demands. Moreover, such decisions may be part of a collaborative effort (map-reduce) based on either local or global context. Application demands expressed as such are modeled compatible with Open Data initiatives. We demonstrated feasibility of the approach and evaluate its advantages over the 5G architecture involving an edge gateway.