How to fix the error message that says "this version of Cosmos SDK is no longer supported" when running starport scaffold commands?

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Using starport version v0.17.1 darwin/amd64 -build date: 2021-07-27T13:10:21Z, the starport scaffold commands gives an error saying "this version of Cosmos SDK is no longer supported"

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Sonia Singla On

This error only occurs when you are trying to starport chain serve a chain scaffolded with SDK v0.39.x. Also check if you are using the latest go version by running go version :)