UUID version 7 features a time-ordered value field derived from the widely implemented and well known Unix Epoch timestamp source, the number of milliseconds seconds since midnight 1 Jan 1970 UTC, leap seconds excluded. As well as improved entropy characteristics over versions 1 or 6.
If your use case requires greater granularity than UUID vesion 7 can provide, you might consider UUID version 8. UUID version 8 doesn't provide as good entropy characteristics as UUID version 7, but it utilizes timestamp with nanosecond level of precision.
https://blog.devgenius.io/analyzing-new-unique-identifier-fo...
In other words, one CAN implement a UUIDv8 with nanosecond precision, but that is not a requirement of UUIDv8. 4 is random. 8 is a custom grab bag.