diff --git a/package.json b/package.json
index 42056d0..a4a7623 100644
--- a/package.json
+++ b/package.json
@@ -162,7 +162,7 @@
   },
   "dependencies": {
     "cborg": "^2.0.1",
-    "multiformats": "^11.0.0"
+    "multiformats": "^12.0.1"
   },
   "devDependencies": {
     "@ipld/garbage": "^6.0.0",