diff --git a/packages/new-polymath-scripts/package.json b/packages/new-polymath-scripts/package.json
index eb3c889c4..6e0174d63 100644
--- a/packages/new-polymath-scripts/package.json
+++ b/packages/new-polymath-scripts/package.json
@@ -20,6 +20,6 @@
     "ganache-cli": "6.2.5",
     "lodash": "4.17.14",
     "truffle": "4.1.14",
-    "web3": "1.0.0-beta.30"
+    "web3": "4.0.1"
   }
 }