diff --git a/.github/workflows/ci.yaml b/.github/workflows/ci.yaml
index a133f9e..42c60cb 100644
--- a/.github/workflows/ci.yaml
+++ b/.github/workflows/ci.yaml
@@ -15,9 +15,9 @@ concurrency:
 env:
   CARGO_TERM_COLOR: always
   REGISTRY: ghcr.io
-  RUST_VERSION: 1.77.0
-  FORC_VERSION: 0.61.0
-  CORE_VERSION: 0.26.0
+  RUST_VERSION: 1.80.1
+  FORC_VERSION: 0.63.3
+  CORE_VERSION: 0.34.0
   PATH_TO_SCRIPTS: .github/scripts
 
 jobs:
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a248bf6..30ebfcf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,7 +14,7 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ### Changed Unreleased
 
-- Something changed here 1
+- [#135](https://github.com/FuelLabs/sway-standards/pull/135) Updates standards, examples and CI to latest forc 0.63.3.
 - Something changed here 2
 
 ### Fixed Unreleased
diff --git a/README.md b/README.md
index ae45a84..c394c83 100644
--- a/README.md
+++ b/README.md
@@ -9,8 +9,8 @@
     <a href="https://github.com/FuelLabs/sway-standards/actions/workflows/ci.yml" alt="CI">
         <img src="https://github.com/FuelLabs/sway-standards/actions/workflows/ci.yml/badge.svg" />
     </a>
-    <a href="https://crates.io/crates/forc/0.61.0" alt="forc">
-        <img src="https://img.shields.io/badge/forc-v0.61.0-orange" />
+    <a href="https://crates.io/crates/forc/0.63.3" alt="forc">
+        <img src="https://img.shields.io/badge/forc-v0.63.3-orange" />
     </a>
     <a href="./LICENSE" alt="forc">
         <img src="https://img.shields.io/github/license/FuelLabs/sway-standards" />
@@ -162,12 +162,12 @@ Example of a minimal SRC-14 implementation with no access control.
 Example of a SRC-14 implementation that also implements [SRC-5](https://docs.fuel.network/docs/sway-standards/src-5-ownership/).
 
 > **Note**
-> All standards currently use `forc v0.61.0`.
+> All standards currently use `forc v0.63.3`.
 
 <!-- TODO:
 ## Contributing
 
-Check out the [book](https://fuellabs.github.io/sway-libs/book/index.html) for more info! 
+Check out the [book](https://fuellabs.github.io/sway-libs/book/index.html) for more info!
 -->
 
 > **Note**
diff --git a/docs/src/index.md b/docs/src/index.md
index 3935ca0..02d8b59 100644
--- a/docs/src/index.md
+++ b/docs/src/index.md
@@ -7,7 +7,7 @@ Standards in this repository may be in various stages of development. Use of dra
 If you don't find what you're looking for, feel free to create an issue and propose a new standard!
 
 > **Note**
-> All standards currently use `forc v0.61.0`.
+> All standards currently use `forc v0.63.3`.
 
 ## Using a standard
 
diff --git a/examples/src14-simple-proxy/minimal/src/minimal.sw b/examples/src14-simple-proxy/minimal/src/minimal.sw
index 721dcac..b23600f 100644
--- a/examples/src14-simple-proxy/minimal/src/minimal.sw
+++ b/examples/src14-simple-proxy/minimal/src/minimal.sw
@@ -4,19 +4,25 @@ use std::execution::run_external;
 use standards::src14::{SRC14, SRC14_TARGET_STORAGE};
 
 storage {
-    // target is at sha256("storage_SRC14_0")
-    target: ContractId = ContractId::zero(),
+    SRC14 {
+        /// The [ContractId] of the target contract.
+        ///
+        /// # Additional Information
+        ///
+        /// `target` is stored at sha256("storage_SRC14_0")
+        target in 0x7bb458adc1d118713319a5baa00a2d049dd64d2916477d2688d76970c898cd55: ContractId = ContractId::zero(),
+    },
 }
 
 impl SRC14 for Contract {
     #[storage(read, write)]
     fn set_proxy_target(new_target: ContractId) {
-        storage.target.write(new_target);
+        storage::SRC14.target.write(new_target);
     }
 
     #[storage(read)]
     fn proxy_target() -> Option<ContractId> {
-        storage.target.try_read()
+        storage::SRC14.target.try_read()
     }
 }
 
@@ -24,5 +30,5 @@ impl SRC14 for Contract {
 #[storage(read)]
 fn fallback() {
     // pass through any other method call to the target
-    run_external(storage.target.read())
+    run_external(storage::SRC14.target.read())
 }
diff --git a/examples/src14-simple-proxy/owned/src/owned.sw b/examples/src14-simple-proxy/owned/src/owned.sw
index 5e5ba6d..3f6b55d 100644
--- a/examples/src14-simple-proxy/owned/src/owned.sw
+++ b/examples/src14-simple-proxy/owned/src/owned.sw
@@ -8,30 +8,35 @@ use standards::src14::{SRC14, SRC14_TARGET_STORAGE, SRC14Extension};
 const INITIAL_OWNER: Identity = Identity::Address(Address::zero());
 
 storage {
-    proxy {
-        // target is at sha256("storage_SRC14_0")
+    SRC14 {
+        /// The [ContractId] of the target contract.
+        ///
+        /// # Additional Information
+        ///
+        /// `target` is stored at sha256("storage_SRC14_0")
+        target in 0x7bb458adc1d118713319a5baa00a2d049dd64d2916477d2688d76970c898cd55: ContractId = ContractId::zero(),
+        /// The [State] of the proxy owner.
         owner: State = State::Initialized(INITIAL_OWNER),
     },
-    target: ContractId = ContractId::zero(),
 }
 
 impl SRC14 for Contract {
     #[storage(read, write)]
     fn set_proxy_target(new_target: ContractId) {
         only_owner();
-        storage.target.write(new_target);
+        storage::SRC14.target.write(new_target);
     }
 
     #[storage(read)]
     fn proxy_target() -> Option<ContractId> {
-        storage.target.try_read()
+        storage::SRC14.target.try_read()
     }
 }
 
 impl SRC14Extension for Contract {
     #[storage(read)]
     fn proxy_owner() -> State {
-        storage::proxy.owner.read()
+        storage::SRC14.owner.read()
     }
 }
 
@@ -39,13 +44,13 @@ impl SRC14Extension for Contract {
 #[storage(read)]
 fn fallback() {
     // pass through any other method call to the target
-    run_external(storage.target.read())
+    run_external(storage::SRC14.target.read())
 }
 
 #[storage(read)]
 fn only_owner() {
     require(
-        storage::proxy
+        storage::SRC14
             .owner
             .read() == State::Initialized(msg_sender().unwrap()),
         AccessError::NotOwner,