diff --git a/Directory.Build.props b/Directory.Build.props
index 7b9cd8b..08ca89b 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -1,6 +1,6 @@
 <Project>
     <PropertyGroup>
-        <VersionPrefix>0.6.0</VersionPrefix>
+        <VersionPrefix>0.7.0</VersionPrefix>
         <VersionSuffix Condition="'$(BuildNumber)' == ''">dev</VersionSuffix>
         <VersionSuffix Condition="'$(BuildNumber)' != ''">preview$([System.String]::Format('{0:00000}', $([MSBuild]::Add($(BuildNumber), 0))))</VersionSuffix>
         <PackageVersion>$(VersionPrefix)-$(VersionSuffix)</PackageVersion>
diff --git a/templates/content/wasi-cli/wasi-cli.csproj b/templates/content/wasi-cli/wasi-cli.csproj
index 189aa8e..0e706fc 100644
--- a/templates/content/wasi-cli/wasi-cli.csproj
+++ b/templates/content/wasi-cli/wasi-cli.csproj
@@ -14,7 +14,7 @@
   </PropertyGroup>
 
   <ItemGroup>
-    <PackageReference Include="BytecodeAlliance.Componentize.DotNet.Wasm.SDK" Version="0.6.0-preview*" />
+    <PackageReference Include="BytecodeAlliance.Componentize.DotNet.Wasm.SDK" Version="0.7.0-preview*" />
     <PackageReference Condition="'$(platform)' == 'Windows_NT'" Include="runtime.win-x64.microsoft.dotnet.ilcompiler.llvm" Version="10.0.0-alpha.1.25162.1" />
     <PackageReference Condition="'$(platform)' == 'linux'" Include="runtime.linux-x64.microsoft.dotnet.ilcompiler.llvm" Version="10.0.0-alpha.1.25162.1" />
   </ItemGroup>