diff --git a/package-lock.json b/package-lock.json
index 3d26571..8bf3e4c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -7193,9 +7193,9 @@
       }
     },
     "@oceanprotocol/contracts": {
-      "version": "0.5.10",
-      "resolved": "https://registry.npmjs.org/@oceanprotocol/contracts/-/contracts-0.5.10.tgz",
-      "integrity": "sha512-6GrBk1jy+zxjDjh2SPra06etrqdp8CB6RaZaTq2OQpK8dA2Dq91hqCbj+6eb21MlU8bDY3/atnxax9rgPgsxkA=="
+      "version": "1.1.8",
+      "resolved": "https://registry.npmjs.org/@oceanprotocol/contracts/-/contracts-1.1.8.tgz",
+      "integrity": "sha512-I6xoADZpP/8EyN3VWZ+dLYv24DbJj3xzmSDcYv0FolXeAUF3FluzminL5AgQtAaoyUtlHl1D3ij1B++KupWcQQ=="
     },
     "@octokit/auth-token": {
       "version": "2.4.5",
diff --git a/package.json b/package.json
index f5b5f11..1e83395 100644
--- a/package.json
+++ b/package.json
@@ -27,7 +27,7 @@
   "license": "MIT",
   "dependencies": {
     "@coingecko/cryptoformat": "^0.4.2",
-    "@oceanprotocol/contracts": "^0.5.10",
+    "@oceanprotocol/contracts": "^1.1.8",
     "axios": "^0.24.0",
     "ethereum-address": "^0.0.4",
     "ethereum-blockies": "github:MyEtherWallet/blockies",