Starting with React Native version 0.76, the New Architecture is enabled by default, introducing significant changes to the framework's internals. Current package version is incompatible with this architecture, functioning only when the New Architecture is disabled.

References:

1. React Native 0.76 Release Notes: React Native 0.76 - New Architecture by default
2. New Architecture Overview: New Architecture is here
3. Migration Guides at: React Native New Architecture Working Group