diff --git a/fastlane_bot/events/version_utils.py b/fastlane_bot/events/version_utils.py
new file mode 100644
index 000000000..13cebef17
--- /dev/null
+++ b/fastlane_bot/events/version_utils.py
@@ -0,0 +1,43 @@
+from packaging import version as pkg_version
+from importlib.metadata import version
+
+
+class VersionRequirementError(Exception):
+    """
+    A custom exception class for version requirement errors.
+
+    Args:
+        installed_version (str): The installed version of web3.py.
+        required_version (str): The required version of web3.py.
+
+    Raises:
+        None
+    """
+
+    def __init__(self, installed_version, required_version):
+        super().__init__(
+            f""
+            f"\n\n************** Version Requirement Error **************\n\n"
+            f"Your current web3.py version is {installed_version}, which does not meet the requirement of ~= {required_version}.\n"
+            f"Please upgrade your web3.py version to {required_version}.\n"
+            f"We recommend using the latest requirements.txt file to install the latest versions of all "
+            f"dependencies.\n\n"
+            f"Run `pip install -r requirements.txt` from the project directory of the fastlane-bot repo.\n"
+            f"\n\n************** Version Requirement Error **************\n\n"
+            f""
+        )
+
+
+def check_version_requirements():
+    with open("requirements.txt", "r") as f:
+        requirements = f.read().splitlines()
+
+    web3_version = [r for r in requirements if "web3" in r][0]
+    required_version = web3_version.split("~=")[1]
+
+    # Get the installed version of web3
+    installed_version = version("web3")
+
+    # Check the version and raise an exception if the requirement is not met
+    if not pkg_version.parse(installed_version) <= pkg_version.parse("5.32.0"):
+        raise VersionRequirementError(installed_version, required_version)
diff --git a/main.py b/main.py
index 6b3a1d9b9..51f8ae5f7 100644
--- a/main.py
+++ b/main.py
@@ -5,9 +5,13 @@
 (c) Copyright Bprotocol foundation 2023.
 Licensed under MIT
 """
+
+from fastlane_bot.events.version_utils import check_version_requirements
+
+check_version_requirements()
+
 import os
 import time
-from glob import glob
 from typing import List
 
 import click
@@ -15,7 +19,6 @@
 from dotenv import load_dotenv
 from web3 import Web3, HTTPProvider
 
-from fastlane_bot.events.interface import QueryInterface
 from fastlane_bot.events.managers.manager import Manager
 from fastlane_bot.events.multicall_utils import multicall_every_iteration
 from fastlane_bot.events.utils import (
@@ -47,7 +50,6 @@
     read_csv_file,
     handle_tokens_csv,
 )
-from fastlane_bot.tools.cpc import T
 from fastlane_bot.utils import find_latest_timestamped_folder
 from run_blockchain_terraformer import terraform_blockchain
 
@@ -216,12 +218,7 @@
     "--blockchain",
     default="ethereum",
     help="Select a blockchain from the list. Blockchains not in this list do not have a deployed Fast Lane contract and are not supported.",
-    type=click.Choice(
-        [
-            "ethereum",
-            "coinbase_base"
-        ]
-    ),
+    type=click.Choice(["ethereum", "coinbase_base"]),
 )
 @click.option(
     "--pool_data_update_frequency",
diff --git a/requirements.txt b/requirements.txt
index 092ebda41..f044f26b5 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -17,4 +17,4 @@ click~=8.1.3
 setuptools~=67.6.1
 protobuf==3.19.5
 tqdm~=4.64.1
-
+web3~=5.31.3
diff --git a/resources/NBTest/requirements.txt b/resources/NBTest/requirements.txt
new file mode 100644
index 000000000..f044f26b5
--- /dev/null
+++ b/resources/NBTest/requirements.txt
@@ -0,0 +1,20 @@
+psutil==5.9.2
+packaging==21.3
+requests==2.28.1
+python-dateutil==2.8.1
+typing-extensions~=4.4.0
+python-dotenv~=0.16.0
+joblib~=1.2.0
+pandas~=1.5.2
+alchemy-sdk~=0.1.1
+pyarrow~=11.0.0
+networkx~=3.0
+cvxpy~=1.3.1
+matplotlib~=3.7.1
+dataclass_wizard~=0.22.2
+hexbytes~=0.2.3
+click~=8.1.3
+setuptools~=67.6.1
+protobuf==3.19.5
+tqdm~=4.64.1
+web3~=5.31.3