Command fails with dependency errors

[saricden]

• I'm submitting a ...
  [*] bug report
  [ ] feature request
  [ ] question about the decisions made in the repository
  [ ] question about how to use this project

• Summary
  Running the command will return dependency errors. See log below:

✔ What is your app named? … Test
✔ What is the URI scheme? … test
✔ Downloaded and extracted project files.

Using npm to install packages.

✔ Installed JavaScript dependencies.

✅ Your project is ready!

To run your project, navigate to the directory and run one of the following npm commands.

- cd Test
- npm run android
- npm run ios # you need to use macOS to build the iOS project - use the Expo app if you need to do iOS development without a Mac
- npm run web
npm ERR! code ERESOLVE
npm ERR! ERESOLVE unable to resolve dependency tree
npm ERR! 
npm ERR! While resolving: test@1.0.0
npm ERR! Found: react-native@0.68.2
npm ERR! node_modules/react-native
npm ERR!   react-native@"0.68.2" from the root project
npm ERR! 
npm ERR! Could not resolve dependency:
npm ERR! peer react-native@"^0.60.6 || ^0.61.5 || ^0.62.2 || ^0.63.2 || ^0.64.0 || 1000.0.0" from @react-native-async-storage/async-storage@1.13.4
npm ERR! node_modules/@react-native-async-storage/async-storage
npm ERR!   @react-native-async-storage/async-storage@"1.13.4" from the root project
npm ERR! 
npm ERR! Fix the upstream dependency conflict, or retry
npm ERR! this command with --force, or --legacy-peer-deps
npm ERR! to accept an incorrect (and potentially broken) dependency resolution.
npm ERR! 
npm ERR! See /home/kirk/.npm/eresolve-report.txt for a full report.

npm ERR! A complete log of this run can be found in:
npm ERR!     /home/kirk/.npm/_logs/2022-08-10T11_47_59_466Z-debug-0.log
node:internal/errors:841
  const err = new Error(message);
              ^

Error: Command failed: npm i
    at checkExecSyncError (node:child_process:828:11)
    at Object.execSync (node:child_process:899:15)
    at shouldInstall (/home/kirk/.npm/_npx/1064147bb9e7ae50/node_modules/create-react-native-dapp/build/main/buidler/index.js:534:48)
    at Object.create (/home/kirk/.npm/_npx/1064147bb9e7ae50/node_modules/create-react-native-dapp/build/main/buidler/index.js:777:5)
    at processTicksAndRejections (node:internal/process/task_queues:96:5)
    at async /home/kirk/.npm/_npx/1064147bb9e7ae50/node_modules/create-react-native-dapp/build/main/cli/index.js:119:33 {
  status: 1,
  signal: null,
  output: [ null, null, null ],
  pid: 88696,
  stdout: null,
  stderr: null
}

I'm on Node version 16.15.1.

• Other information (e.g. detailed explanation, stack traces, related issues, suggestions how to fix, links for us to have context, eg. StackOverflow, personal fork, etc.)
  N/a