diff --git a/package-lock.json b/package-lock.json
index dcd55e0..63dccb9 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -2486,9 +2486,9 @@
       }
     },
     "@openzeppelin/contracts": {
-      "version": "3.3.0",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-3.3.0.tgz",
-      "integrity": "sha512-AemZEsQYtUp1WRkcmZm1div5ORfTpLquLaziCIrSagjxyKdmObxuaY1yjQ5SHFMctR8rLwp706NXTbiIRJg7pw=="
+      "version": "4.7.2",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.7.2.tgz",
+      "integrity": "sha512-4n/JL9izql8303mPqPdubuna/DWEMbmOzWYUWyCPhjhiEr2w3nQrjE7vZz1fBF+wzzP6dZbIcsgqACk53c9FGA=="
     },
     "@openzeppelin/contracts-ethereum-package": {
       "version": "3.0.0",
@@ -4931,6 +4931,13 @@
       "requires": {
         "@openzeppelin/contracts": "^3.2.0",
         "truffle": "^5.1.54"
+      },
+      "dependencies": {
+        "@openzeppelin/contracts": {
+          "version": "3.4.2",
+          "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-3.4.2.tgz",
+          "integrity": "sha512-z0zMCjyhhp4y7XKAcDAi3Vgms4T2PstwBdahiO0+9NaGICQKjynK3wduSRplTgk4LXmoO1yfDGO5RbjKYxtuxA=="
+        }
       }
     },
     "errno": {
diff --git a/package.json b/package.json
index 1724922..fa5b475 100644
--- a/package.json
+++ b/package.json
@@ -21,7 +21,7 @@
   },
   "homepage": "https://github.com/lukso-network/standards-scenarios#readme",
   "dependencies": {
-    "@openzeppelin/contracts": "^3.3.0",
+    "@openzeppelin/contracts": "^4.7.2",
     "@openzeppelin/contracts-ethereum-package": "^3.0.0",
     "erc725": "^1.0.0-beta.17",
     "eth-create2": "^1.0.1",