I've been glancing at #Interverse from time to time, trying to see if there's more to it than a decentralized version of a webring. Thus far, I think that's a good summary. This one's connections are based more on a web of trust than on some central webring operator's choices, so there is that.
I think #Interverse's creator / founder needs to put more time and energy into defining and refining it, and then announcing, promoting, and explaining it.