diff --git a/package-lock.json b/package-lock.json
index 11cab8a..8037071 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,8 +9,8 @@
       "version": "5.1.1",
       "license": "(Apache-2.0 OR MIT)",
       "dependencies": {
-        "@ipld/dag-cbor": "^9.0.0",
-        "multiformats": "~13.1.3"
+        "@ipld/dag-cbor": "^10.0.1",
+        "multiformats": "^14.0.4"
       },
       "devDependencies": {
         "@babel/core": "^7.14.3",
@@ -1946,16 +1946,13 @@
       "dev": true
     },
     "node_modules/@ipld/dag-cbor": {
-      "version": "9.2.0",
-      "resolved": "https://registry.npmjs.org/@ipld/dag-cbor/-/dag-cbor-9.2.0.tgz",
-      "integrity": "sha512-N14oMy0q4gM6OuZkIpisKe0JBSjf1Jb39VI+7jMLiWX9124u1Z3Fdj/Tag1NA0cVxxqWDh0CqsjcVfOKtelPDA==",
+      "version": "10.0.1",
+      "resolved": "https://registry.npmjs.org/@ipld/dag-cbor/-/dag-cbor-10.0.1.tgz",
+      "integrity": "sha512-nF07iiZPqduSXyMxc0jGANArRHFa9hjMQpQlgLOV2O/3xI1CNb5sXhvbmigbMiz5owSGi0Oq10VtauupMojuiw==",
+      "license": "Apache-2.0 OR MIT",
       "dependencies": {
-        "cborg": "^4.0.0",
-        "multiformats": "^13.1.0"
-      },
-      "engines": {
-        "node": ">=16.0.0",
-        "npm": ">=7.0.0"
+        "cborg": "^5.0.1",
+        "multiformats": "^14.0.0"
       }
     },
     "node_modules/@istanbuljs/load-nyc-config": {
@@ -3982,9 +3979,10 @@
       "dev": true
     },
     "node_modules/cborg": {
-      "version": "4.2.0",
-      "resolved": "https://registry.npmjs.org/cborg/-/cborg-4.2.0.tgz",
-      "integrity": "sha512-q6cFW5m3KxfP/9xGI3yGLaC1l5DP6DWM9IvjiJojnIwohL5CQDl02EXViPV852mOfQo+7PJGPN01MI87vFGzyA==",
+      "version": "5.1.6",
+      "resolved": "https://registry.npmjs.org/cborg/-/cborg-5.1.6.tgz",
+      "integrity": "sha512-apu/mOSODJ98JXBz3cbiv/gAFX4oaCZQQ53+8b4IPjc1wylYxd8eJis87QP7ic4AOE4O02j02jjfUgVZUJIIvA==",
+      "license": "Apache-2.0",
       "bin": {
         "cborg": "lib/bin.js"
       }
@@ -8165,9 +8163,10 @@
       "dev": true
     },
     "node_modules/multiformats": {
-      "version": "13.1.3",
-      "resolved": "https://registry.npmjs.org/multiformats/-/multiformats-13.1.3.tgz",
-      "integrity": "sha512-CZPi9lFZCM/+7oRolWYsvalsyWQGFo+GpdaTmjxXXomC+nP/W1Rnxb9sUgjvmNmRZ5bOPqRAl4nuK+Ydw/4tGw=="
+      "version": "14.0.4",
+      "resolved": "https://registry.npmjs.org/multiformats/-/multiformats-14.0.4.tgz",
+      "integrity": "sha512-+SXItmOUWzT0kjlIfkZ4NawJaC9jW/mPlyn902V9Qgpc7YDwdEiwqbiZxTyvC0XWh1jZguXca3A/WQ+UOPRLUA==",
+      "license": "Apache-2.0 OR MIT"
     },
     "node_modules/natural-compare": {
       "version": "1.4.0",
@@ -9440,6 +9439,13 @@
         "multiformats": "^13.0.0"
       }
     },
+    "node_modules/uint8arrays/node_modules/multiformats": {
+      "version": "13.4.2",
+      "resolved": "https://registry.npmjs.org/multiformats/-/multiformats-13.4.2.tgz",
+      "integrity": "sha512-eh6eHCrRi1+POZ3dA+Dq1C6jhP1GNtr9CRINMb67OKzqW9I5DUuZM/3jLPlzhgpGeiNUlEGEbkCYChXMCc/8DQ==",
+      "dev": true,
+      "license": "Apache-2.0 OR MIT"
+    },
     "node_modules/unbox-primitive": {
       "version": "1.0.2",
       "resolved": "https://registry.npmjs.org/unbox-primitive/-/unbox-primitive-1.0.2.tgz",
diff --git a/package.json b/package.json
index 7d5c110..9a7728e 100644
--- a/package.json
+++ b/package.json
@@ -58,7 +58,7 @@
     "uint8arrays": "^5.0.3"
   },
   "dependencies": {
-    "@ipld/dag-cbor": "^9.0.0",
-    "multiformats": "~13.1.3"
+    "@ipld/dag-cbor": "^10.0.1",
+    "multiformats": "^14.0.4"
   }
 }