Leonard Dorlöchter | Source | Co-Founder at peaq

At its core, blockchain is a permissionless, peer-to-peer technology running on community support and participation. As such, it defies pessimism through its sheer design: There are no kings in a peer-to-peer network, only early investors picking up the plentiful gains the same way they would with any other industry or individual company that shoots for the sky. Despite being more centralized now that it was at its inception, Bitcoin still has no central bank or authority. Its unintended centralization is a natural to any moving system, and its rules of the game are laid out in its protocol, enabling anyone who thinks they can do better to fork it and take their fair stab at it.
https://venturebeat.com/programming-development/web3-and-web5-a-tale-of-technological-determination/

In essence, a DePIN uses blockchain and tokens to incentivize the crowd-sourcing of infrastructure meant to deliver real-world services and value. Here’s an example: Imagine we’re launching a new Internet Service Provider (ISP) business. To provide our end users access, we have to invest billions on purchasing and deploying the hardware and hiring countless staff to maintain our grid.
https://cryptoslate.com/op-ed-meet-depins-web3s-best-shot-at-real-world-adoption-in-2023/