diff --git a/pyproject.toml b/pyproject.toml
index 69b8b18fc..fa719fe5f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "AYON"
-version = "0.0.1"
+version = "1.0.0-beta.1"
 description = "Open VFX and Animation pipeline with support."
 authors = ["Ynput s.r.o. <info@openpype.io>"]
 license = "MIT License"
diff --git a/version.py b/version.py
index 5a2717496..9fe2a0128 100644
--- a/version.py
+++ b/version.py
@@ -1 +1 @@
-__version__ = "0.3.1"
\ No newline at end of file
+__version__ = "1.0.0-beta.1"