Actually it will draw more people to your site…if you have something profound to say to the world, you can get through to more people this way. I join them as I like having other sites in a ring that are like mine. For instance I have tutorials and I’m in a ring that links tutorial sites together. It makes it easier for people to find a tutorial they can use if there are a bunch of sites linked together. Does that make sense?
From the https://ringsaround.net homepage: A webring is a community of pages with related content, organized into a virtual ring. Each page in a ring has links which let visitors move to an adjacent site on the ring, summon a ring index, or hop to a random site. Webrings let web visitors quickly and reliably find sites with related subjects.