It's built on top of WebRTC.
Webtorrent and regular torrents can exist of the same file, but crucially, at least some small percentage of the people in the network have to support both webtorrent and regular torrent to act as a kind of bridge between the two.
If this isn't the case, you might have a webtorrent user who has the file, and a regular torrent user who wants the file, but the two people can't connect to eachother because they're talking different protocols, so the file won't be delivered.