diff --git a/Cargo.lock b/Cargo.lock
index 1e8a4ba87b7..6fea7400b9a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -487,9 +487,9 @@ checksum = "b9b68e3193982cd54187d71afdb2a271ad4cf8af157858e9cb911b91321de143"
 dependencies = [
  "core2",
  "multibase",
- "multihash 0.17.0",
+ "multihash",
  "serde",
- "unsigned-varint 0.7.1",
+ "unsigned-varint",
 ]
 
 [[package]]
@@ -2378,20 +2378,21 @@ dependencies = [
 
 [[package]]
 name = "ipfs-api"
-version = "0.16.0"
+version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1d4854b5cde0a7e935ee4246c5b6c67fbf4961e303963537f10e184a4830bd17"
+checksum = "6d8cc57cf12ae4af611e53dd04053e1cfb815917c51c410aa30399bf377046ab"
 dependencies = [
  "ipfs-api-backend-hyper",
 ]
 
 [[package]]
 name = "ipfs-api-backend-hyper"
-version = "0.5.0"
+version = "0.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "114341e043a87eff0e43ec192f0a495988323dc14c468448e62b20aaf96bd1e6"
+checksum = "8a9d131b408b4caafe1e7c00d410a09ad3eb7e3ab68690cf668e86904b2176b4"
 dependencies = [
  "async-trait",
+ "base64 0.13.1",
  "bytes",
  "futures 0.3.16",
  "http",
@@ -2404,9 +2405,9 @@ dependencies = [
 
 [[package]]
 name = "ipfs-api-prelude"
-version = "0.5.0"
+version = "0.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fbaf47fa129710ae041d5844a15b1365bdad8551673aee237449ba9dec6bcadc"
+checksum = "9b74065805db266ba2c6edbd670b23c4714824a955628472b2e46cc9f3a869cb"
 dependencies = [
  "async-trait",
  "bytes",
@@ -2415,14 +2416,14 @@ dependencies = [
  "dirs",
  "futures 0.3.16",
  "http",
+ "multiaddr",
  "multibase",
- "parity-multiaddr",
  "serde",
  "serde_json",
  "serde_urlencoded",
  "thiserror",
  "tokio",
- "tokio-util 0.6.7",
+ "tokio-util 0.7.1",
  "tracing",
  "typed-builder",
  "walkdir",
@@ -2781,25 +2782,32 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0debeb9fcf88823ea64d64e4a815ab1643f33127d995978e099942ce38f25238"
 
 [[package]]
-name = "multibase"
-version = "0.9.1"
+name = "multiaddr"
+version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9b3539ec3c1f04ac9748a260728e855f261b4977f5c3406612c884564f329404"
+checksum = "3b53e0cc5907a5c216ba6584bf74be8ab47d6d6289f72793b2dddbf15dc3bf8c"
 dependencies = [
- "base-x",
+ "arrayref",
+ "byteorder",
  "data-encoding",
- "data-encoding-macro",
+ "multibase",
+ "multihash",
+ "percent-encoding",
+ "serde",
+ "static_assertions",
+ "unsigned-varint",
+ "url",
 ]
 
 [[package]]
-name = "multihash"
-version = "0.13.2"
+name = "multibase"
+version = "0.9.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4dac63698b887d2d929306ea48b63760431ff8a24fac40ddb22f9c7f49fb7cab"
+checksum = "9b3539ec3c1f04ac9748a260728e855f261b4977f5c3406612c884564f329404"
 dependencies = [
- "generic-array",
- "multihash-derive 0.7.2",
- "unsigned-varint 0.5.1",
+ "base-x",
+ "data-encoding",
+ "data-encoding-macro",
 ]
 
 [[package]]
@@ -2813,24 +2821,10 @@ dependencies = [
  "blake3 1.3.2",
  "core2",
  "digest 0.10.5",
- "multihash-derive 0.8.0",
+ "multihash-derive",
  "sha2 0.10.6",
  "sha3",
- "unsigned-varint 0.7.1",
-]
-
-[[package]]
-name = "multihash-derive"
-version = "0.7.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "424f6e86263cd5294cbd7f1e95746b95aca0e0d66bff31e5a40d6baa87b4aa99"
-dependencies = [
- "proc-macro-crate",
- "proc-macro-error",
- "proc-macro2",
- "quote",
- "syn",
- "synstructure",
+ "unsigned-varint",
 ]
 
 [[package]]
@@ -3024,24 +3018,6 @@ dependencies = [
  "winapi",
 ]
 
-[[package]]
-name = "parity-multiaddr"
-version = "0.11.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "58341485071825827b7f03cf7efd1cb21e6a709bea778fb50227fd45d2f361b4"
-dependencies = [
- "arrayref",
- "bs58",
- "byteorder",
- "data-encoding",
- "multihash 0.13.2",
- "percent-encoding",
- "serde",
- "static_assertions",
- "unsigned-varint 0.7.1",
- "url",
-]
-
 [[package]]
 name = "parity-scale-codec"
 version = "3.0.0"
@@ -4985,12 +4961,6 @@ dependencies = [
  "void",
 ]
 
-[[package]]
-name = "unsigned-varint"
-version = "0.5.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f7fdeedbf205afadfe39ae559b75c3240f24e257d0ca27e85f85cb82aa19ac35"
-
 [[package]]
 name = "unsigned-varint"
 version = "0.7.1"
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 5e2085d6a1b..030aaab5c24 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -38,6 +38,6 @@ hex = "0.4.3"
 graphql-parser = "0.4.0"
 pretty_assertions = "1.3.0"
 anyhow = "1.0"
-ipfs-api-backend-hyper = "0.5"
-ipfs-api = { version = "0.16.0", features = ["with-hyper-rustls"], default-features = false }
+ipfs-api-backend-hyper = "0.6"
+ipfs-api = { version = "0.17.0", features = ["with-hyper-rustls"], default-features = false }
 uuid = { version = "0.8.1", features = ["v4"] }