diff --git a/package-lock.json b/package-lock.json
index 2c360481..efd0176b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -6,14 +6,14 @@
   "packages": {
     "": {
       "name": "@oceanprotocol/contracts",
-      "version": "2.2.1",
+      "version": "2.3.0-next.3",
       "license": "Apache-2.0",
       "devDependencies": {
         "@nomicfoundation/hardhat-verify": "^2.0.9",
         "@nomiclabs/hardhat-ethers": "^2.2.3",
         "@nomiclabs/hardhat-vyper": "^3.0.5",
         "@nomiclabs/hardhat-waffle": "^2.0.6",
-        "@openzeppelin/contracts": "^4.8.3",
+        "@openzeppelin/contracts": "^5.3.0",
         "@openzeppelin/test-helpers": "^0.5.15",
         "chai": "^4.3.10",
         "dotenv": "^16.3.1",
@@ -1856,9 +1856,9 @@
       }
     },
     "node_modules/@openzeppelin/contracts": {
-      "version": "4.9.6",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.9.6.tgz",
-      "integrity": "sha512-xSmezSupL+y9VkHZJGDoCBpmnB2ogM13ccaYDWqJTfS3dbuHkgjuwDFUmaFauBCboQMGB/S5UqUl2y54X99BmA==",
+      "version": "5.3.0",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-5.3.0.tgz",
+      "integrity": "sha512-zj/KGoW7zxWUE8qOI++rUM18v+VeLTTzKs/DJFkSzHpQFPD/jKKF0TrMxBfGLl3kpdELCNccvB3zmofSzm4nlA==",
       "dev": true,
       "license": "MIT"
     },
diff --git a/package.json b/package.json
index a3ea591a..723e3f97 100644
--- a/package.json
+++ b/package.json
@@ -45,7 +45,7 @@
     "@nomicfoundation/hardhat-verify": "^2.0.9",
     "@nomiclabs/hardhat-vyper": "^3.0.5",
     "@nomiclabs/hardhat-waffle": "^2.0.6",
-    "@openzeppelin/contracts": "^4.8.3",
+    "@openzeppelin/contracts": "^5.3.0",
     "@openzeppelin/test-helpers": "^0.5.15",
     "chai": "^4.3.10",
     "dotenv": "^16.3.1",