Added Items
Tier 1 Storage Ring: Features 9 slots.
Tier 2 Storage Ring: Features 27 slots.
Tier 3 Storage Ring: Features 54 slots.

Crafting & Upgrading
Tier 1: Crafted with 8 Obsidian and 1 Chest.
Tier 2: Crafted by combining a Tier 1 Storage Ring with 8 Iron Ingots.
Tier 3: Crafted by combining a Tier 2 Storage Ring with 8 Mythril Ingots.
Usage
Simply right-click on the ground to place and open the Storage Ring for instant access.
You can break the placed Storage Ring with your bare hands, and none of the items inside will drop.