diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 1d047de..edb679e 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -8,10 +8,10 @@ jobs:
     strategy:
       max-parallel: 1
       matrix:
-        ruby: ['2.7', '3.0', '3.1']
+        ruby: ["3.0", "3.1", "3.4"]
     name: 💎 Ruby ${{ matrix.ruby }}
     steps:
-      - uses: actions/checkout@v3
+      - uses: actions/checkout@v4
         with:
           fetch-depth: 0 # gives the commit linter access to previous commits
 
@@ -21,10 +21,10 @@ jobs:
           bundler-cache: true
 
       - run: bundle exec rake rubocop
-        if: ${{ matrix.ruby == '2.7' }}
+        if: ${{ matrix.ruby == '3.4' }}
 
       - run: bundle exec srb tc
-        if: ${{ matrix.ruby == '2.7' }}
+        if: ${{ matrix.ruby == '3.4' }}
 
       - run: bundle exec rspec ./spec --require spec_helper
         env:
diff --git a/.github/workflows/initiate_release.yml b/.github/workflows/initiate_release.yml
index c92f1cb..0ca047a 100644
--- a/.github/workflows/initiate_release.yml
+++ b/.github/workflows/initiate_release.yml
@@ -12,7 +12,7 @@ jobs:
     name: 🚀 Create release PR
     runs-on: ubuntu-latest
     steps:
-      - uses: actions/checkout@v3
+      - uses: actions/checkout@v4
         with:
           fetch-depth: 0 # gives the changelog generator access to all previous commits
 
diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index 3b7991b..3b1ac57 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -12,7 +12,7 @@ jobs:
     if: github.event.pull_request.merged && startsWith(github.head_ref, 'release-')
     runs-on: ubuntu-latest
     steps:
-      - uses: actions/checkout@v3
+      - uses: actions/checkout@v4
         with:
           fetch-depth: 0
 
diff --git a/.github/workflows/reviewdog.yml b/.github/workflows/reviewdog.yml
index 56eb1af..ca9efc1 100644
--- a/.github/workflows/reviewdog.yml
+++ b/.github/workflows/reviewdog.yml
@@ -12,7 +12,7 @@ jobs:
     runs-on: ubuntu-latest
     steps:
       - name: Check out code
-        uses: actions/checkout@v3
+        uses: actions/checkout@v4
 
       - uses: ruby/setup-ruby@v1
         with:
diff --git a/.rubocop.yml b/.rubocop.yml
index b5252f1..72100a7 100644
--- a/.rubocop.yml
+++ b/.rubocop.yml
@@ -1,7 +1,7 @@
 AllCops:
   DisabledByDefault: false
   NewCops: enable
-  TargetRubyVersion: 2.7
+  TargetRubyVersion: 3.0
   Exclude:
     - sorbet/**/*.rbi
     - vendor/bundle/**/*
diff --git a/Gemfile b/Gemfile
index 8416e05..9f46f9e 100644
--- a/Gemfile
+++ b/Gemfile
@@ -20,3 +20,5 @@ end
 group :test do
   gem 'rack', '~> 2.2.4'
 end
+
+ruby '>= 3.0.0'
diff --git a/README.md b/README.md
index e94ce7c..a5184e7 100644
--- a/README.md
+++ b/README.md
@@ -28,9 +28,7 @@ For the client-side integrations (web and mobile) have a look at the JavaScript,
 
 ## ⚙️ Installation
 
-[`stream-chat-ruby`](https://rubygems.org/gems/stream-chat-ruby) supports:
-
-- Ruby (2.7, 3.0, 3.1)
+[`stream-chat-ruby`](https://rubygems.org/gems/stream-chat-ruby) supports Ruby version `3.0` and greater. We test against Ruby versions `3.0`, `3.1` and `3.4`.
 
 ```bash
 $ gem install stream-chat-ruby
@@ -53,6 +51,7 @@ client = StreamChat::Client.new('STREAM_KEY', 'STREAM_SECRET')
 ---
 
 > Additionally, in a future major version, we would like to enforce symbol hash keys during runtime to conform to Ruby best practises. It's a good idea to prepare your application for that.
+>
 > ```ruby
 > # Wrong:
 > user = { "user" => { "id" => "bob-1"}}
@@ -108,11 +107,13 @@ chan.add_members(['bob-1', 'jane-77'])
 ```
 
 ### Reactions
+
 ```ruby
 chan.send_reaction(m1['id'], {type: 'like'}, 'bob-1')
 ```
 
 ### Moderation
+
 ```ruby
 chan.add_moderators(['jane-77'])
 chan.demote_moderators(['bob-1'])
diff --git a/stream-chat.gemspec b/stream-chat.gemspec
index 0c2af9e..0ecc866 100644
--- a/stream-chat.gemspec
+++ b/stream-chat.gemspec
@@ -16,7 +16,7 @@ Gem::Specification.new do |gem|
   gem.files = Dir.chdir(File.expand_path(__dir__)) do
     `git ls-files -z`.split("\x0").reject { |f| f.match(%r{^(test|sorbet|spec|\.github|scripts|assets)/}) }
   end
-  gem.required_ruby_version = '>=2.7.0'
+  gem.required_ruby_version = '>=3.0.0'
   gem.metadata = {
     'rubygems_mfa_required' => 'false',
     'homepage_uri' => 'https://getstream.io/chat/docs/',
@@ -26,10 +26,10 @@ Gem::Specification.new do |gem|
     'source_code_uri' => 'https://github.com/GetStream/stream-chat-ruby'
   }
 
-  gem.add_dependency 'faraday', '~> 2.0.1'
-  gem.add_dependency 'faraday-multipart', '~> 1.0.4'
-  gem.add_dependency 'faraday-net_http_persistent', '~> 2.0.1'
-  gem.add_dependency 'jwt', '~> 2.3'
+  gem.add_dependency 'faraday', '~> 2.12.2'
+  gem.add_dependency 'faraday-multipart', '~> 1.1.0'
+  gem.add_dependency 'faraday-net_http_persistent', '~> 2.3.0'
+  gem.add_dependency 'jwt', '~> 2.10'
   gem.add_dependency 'net-http-persistent', '~> 4.0'
-  gem.add_dependency 'sorbet-runtime', '~> 0.5.10539'
+  gem.add_dependency 'sorbet-runtime', '~> 0.5.11820'
 end