diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48117f4e47c..908ae117acc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2700,5 +2700,6 @@ If there are any bugs, improvements, optimizations or any new feature proposal f
 #### web3
 
 -   `Web3.providers` namespace exports `type EIP6963ProviderResponse = Map<string, EIP6963ProviderDetail>`. Return type for the static `Web3.requestEIP6963Providers` is now `Promise<EIP6963ProviderResponse>`. (#7239)
+-   The callback function provided to the static `Web3.onNewProviderDiscovered` function expects a parameter of type `EIP6963ProvidersMapUpdateEvent` as opposed to `EIP6963AnnounceProviderEvent`. (#7242)
 
 ## [Unreleased]
diff --git a/packages/web3/src/web3_eip6963.ts b/packages/web3/src/web3_eip6963.ts
index d2169191b5c..5693dea4776 100644
--- a/packages/web3/src/web3_eip6963.ts
+++ b/packages/web3/src/web3_eip6963.ts
@@ -84,7 +84,7 @@ export const requestEIP6963Providers = async (): Promise<EIP6963ProviderResponse
   });
 
 
-export const onNewProviderDiscovered = (callback: (providerEvent: EIP6963AnnounceProviderEvent) => void) => {
+export const onNewProviderDiscovered = (callback: (providerEvent: EIP6963ProvidersMapUpdateEvent) => void) => {
   if (typeof window === 'undefined') {
     throw new Error("window object not available, EIP-6963 is intended to be used within a browser");
   }