Methods and systems for a networked computing system are provided. One method includes generating, based on a first topology, a first proxy endpoint by a first device of a first pluggable compute module; establishing a communication tunnel between the first proxy endpoint and a non-volatile memory express (NVMe) storage device for peer-to-peer communication between the first proxy endpoint of the first device and a controller of the NVMe storage device. An NVMe translation module receives a request for the NVMe storage device from the first proxy endpoint and the NVMe translation module translates the request to an NVMe request for the NVMe storage device for accessing storage space at the NVMe storage device. The method further includes de-allocating the first proxy endpoint, when the first topology is deactivated making the first pluggable compute module and the NVMe storage device available for a second topology.