diff --git a/README.md b/README.md
index 31ec7c3..fdf9188 100644
--- a/README.md
+++ b/README.md
@@ -54,7 +54,7 @@ Note that we use semantic versioning - see [semver.org](https://semver.org/).
 To use the latest stable release of scala-kryo-serialization in sbt projects you just need to add
 this dependency:
 
-`libraryDependencies += "io.altoo" %% "scala-kryo-serialization" % "1.1.0"`
+`libraryDependencies += "io.altoo" %% "scala-kryo-serialization" % "1.2.0"`
 
 #### maven projects
 
@@ -73,7 +73,7 @@ To use the official release of scala-kryo-serialization in Maven projects, pleas
     <dependency>
         <groupId>io.altoo</groupId>
         <artifactId>scala-kryo-serialization_2.13</artifactId>
-        <version>1.1.0</version>
+        <version>1.2.0</version>
     </dependency>
 ```
 
diff --git a/project/build.properties b/project/build.properties
index e8a1e24..abbbce5 100644
--- a/project/build.properties
+++ b/project/build.properties
@@ -1 +1 @@
-sbt.version=1.9.7
+sbt.version=1.9.8
diff --git a/project/plugins.sbt b/project/plugins.sbt
index 0fe1707..0d7db8c 100644
--- a/project/plugins.sbt
+++ b/project/plugins.sbt
@@ -1,4 +1,4 @@
-addSbtPlugin("org.scalameta" % "sbt-scalafmt" % "2.5.0")
+addSbtPlugin("org.scalameta" % "sbt-scalafmt" % "2.5.2")
 addSbtPlugin("org.xerial.sbt" % "sbt-sonatype" % "3.10.0")
-addSbtPlugin("com.github.sbt" % "sbt-release" % "1.1.0")
+addSbtPlugin("com.github.sbt" % "sbt-release" % "1.4.0")
 addSbtPlugin("com.github.sbt" % "sbt-pgp" % "2.2.1")