I'm fairly certain that link-aggregation sites, like Hacker News, Reddit, Digg, Slashdot, and Lemmy have taken the place of Webrings. The sad truth about webpages is that people don't want to maintain them. People will put in their weekend project, and then the webpage sits there for the rest of eternity whether or not its relevant, and then what? When do you update the webring so that they add and/or remove pages? H…
Link aggregation sites serve a completely different purpose from webrings, and don't substitute for them. That's why for many years, link aggregation sites and webrings coexisted.