Ring of Quests is a reward which can be obtained from May's Quest Caravan if the player has allocated 75 quest points to Hub Track.
It can be used to transmogrify into 6 different quest-related NPCs:
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A player transformed into Kerapac
A player transformed into Vanstrom Klause
A player transformed into Hazelmere
A player transformed into Zanik
A player transformed into the Wise Old Man
A player transformed into Jerrod