What is even the point of this? It doesn't seem to say that it includes the ability to have your friends join in on your games, which is the entire point of LAN parties, so I have to assume that it does not have that feature. LAN parties aren't about me coming to your house to watch you play a game by yourself, its about me bringing ny rig to your house so we can play a game together without all the added latency of being on the internet. We get extremely low ping and get to play a multiplayer game together.
This just looks like a worse version of VR Chat but with the ability to stream my gameplay into the "game."