diff --git a/README.md b/README.md
index 198d49c2..fce2b677 100644
--- a/README.md
+++ b/README.md
@@ -31,10 +31,10 @@ npx react-native init MyApp --template react-native-template-typescript
 
 ### Usage with older versions of React Native
 
-#### e.g. `react-native@0.64.x`
+#### e.g. `react-native@0.65.x`
 
 ```sh
-npx react-native init MyApp --template react-native-template-typescript@6.6.*
+npx react-native init MyApp --template react-native-template-typescript@6.7.*
 ```
 
 See the below table to find out which version of the template to use.
@@ -43,6 +43,7 @@ See the below table to find out which version of the template to use.
 
 | React Native | Template |
 | ------------ | -------- |
+| 0.66         | 6.8.\*   |
 | 0.65         | 6.7.\*   |
 | 0.64         | 6.6.\*   |
 | 0.63         | 6.5.\*   |
diff --git a/template/_gitignore b/template/_gitignore
index ad572e63..cc53454e 100644
--- a/template/_gitignore
+++ b/template/_gitignore
@@ -28,6 +28,7 @@ build/
 .gradle
 local.properties
 *.iml
+*.hprof
 
 # node.js
 #
diff --git a/template/android/app/build.gradle b/template/android/app/build.gradle
index c8d4b0e5..4e64e6a0 100644
--- a/template/android/app/build.gradle
+++ b/template/android/app/build.gradle
@@ -120,6 +120,11 @@ def jscFlavor = 'org.webkit:android-jsc:+'
  */
 def enableHermes = project.ext.react.get("enableHermes", false);
 
+/**
+ * Architectures to build native code for in debug.
+ */
+def nativeArchitectures = project.getProperties().get("reactNativeDebugArchitectures")
+
 android {
     ndkVersion rootProject.ext.ndkVersion
 
@@ -151,6 +156,11 @@ android {
     buildTypes {
         debug {
             signingConfig signingConfigs.debug
+            if (nativeArchitectures) {
+                ndk {
+                    abiFilters nativeArchitectures.split(',')
+                }
+            }
         }
         release {
             // Caution! In production, you need to generate your own keystore file.
@@ -186,7 +196,7 @@ dependencies {
     implementation "androidx.swiperefreshlayout:swiperefreshlayout:1.0.0"
 
     debugImplementation("com.facebook.flipper:flipper:${FLIPPER_VERSION}") {
-      exclude group:'com.facebook.fbjni'
+        exclude group:'com.facebook.fbjni'
     }
 
     debugImplementation("com.facebook.flipper:flipper-network-plugin:${FLIPPER_VERSION}") {
diff --git a/template/android/app/src/main/res/values/styles.xml b/template/android/app/src/main/res/values/styles.xml
index 9fab0be7..24bc0613 100644
--- a/template/android/app/src/main/res/values/styles.xml
+++ b/template/android/app/src/main/res/values/styles.xml
@@ -3,7 +3,6 @@
     <!-- Base application theme. -->
     <style name="AppTheme" parent="Theme.AppCompat.DayNight.NoActionBar">
         <!-- Customize your theme here. -->
-        <item name="android:textColor">#000000</item>
     </style>
 
 </resources>
diff --git a/template/android/build.gradle b/template/android/build.gradle
index e64d31e5..65098950 100644
--- a/template/android/build.gradle
+++ b/template/android/build.gradle
@@ -6,14 +6,14 @@ buildscript {
         minSdkVersion = 21
         compileSdkVersion = 30
         targetSdkVersion = 30
-        ndkVersion = "20.1.5948944"
+        ndkVersion = "21.4.7075529"
     }
     repositories {
         google()
         mavenCentral()
     }
     dependencies {
-        classpath("com.android.tools.build:gradle:4.2.1")
+        classpath("com.android.tools.build:gradle:4.2.2")
         // NOTE: Do not place your application dependencies here; they belong
         // in the individual module build.gradle files
     }
diff --git a/template/android/gradle.properties b/template/android/gradle.properties
index dbcbe6f2..cdb4c211 100644
--- a/template/android/gradle.properties
+++ b/template/android/gradle.properties
@@ -25,4 +25,4 @@ android.useAndroidX=true
 android.enableJetifier=true
 
 # Version of flipper SDK to use with React Native
-FLIPPER_VERSION=0.93.0
+FLIPPER_VERSION=0.99.0
diff --git a/template/ios/HelloWorld.xcodeproj/project.pbxproj b/template/ios/HelloWorld.xcodeproj/project.pbxproj
index 32e37dc4..4b5a17e8 100644
--- a/template/ios/HelloWorld.xcodeproj/project.pbxproj
+++ b/template/ios/HelloWorld.xcodeproj/project.pbxproj
@@ -583,6 +583,7 @@
 					"$(inherited)",
 				);
 				LIBRARY_SEARCH_PATHS = (
+					"\"$(SDKROOT)/usr/lib/swift\"",
 					"\"$(TOOLCHAIN_DIR)/usr/lib/swift/$(PLATFORM_NAME)\"",
 					"\"$(TOOLCHAIN_DIR)/usr/lib/swift-5.0/$(PLATFORM_NAME)\"",
 					"\"$(inherited)\"",
@@ -641,6 +642,7 @@
 					"$(inherited)",
 				);
 				LIBRARY_SEARCH_PATHS = (
+					"\"$(SDKROOT)/usr/lib/swift\"",
 					"\"$(TOOLCHAIN_DIR)/usr/lib/swift/$(PLATFORM_NAME)\"",
 					"\"$(TOOLCHAIN_DIR)/usr/lib/swift-5.0/$(PLATFORM_NAME)\"",
 					"\"$(inherited)\"",
diff --git a/template/ios/Podfile b/template/ios/Podfile
index 64a70486..a076cea9 100644
--- a/template/ios/Podfile
+++ b/template/ios/Podfile
@@ -25,5 +25,6 @@ target 'HelloWorld' do
 
   post_install do |installer|
     react_native_post_install(installer)
+    __apply_Xcode_12_5_M1_post_install_workaround(installer)
   end
 end
\ No newline at end of file
diff --git a/template/package.json b/template/package.json
index 47bd6759..bc20a0be 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "17.0.2",
-    "react-native": "0.65.1"
+    "react-native": "0.66.0"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",
@@ -23,8 +23,7 @@
     "babel-jest": "^26.6.3",
     "eslint": "^7.14.0",
     "jest": "^26.6.3",
-    "metro-react-native-babel-preset": "^0.66.0",
-    "react-native-codegen": "^0.0.7",
+    "metro-react-native-babel-preset": "^0.66.2",
     "react-test-renderer": "17.0.2",
     "typescript": "^3.8.3"
   },