diff --git a/contrib/spec/podman.spec.in b/contrib/spec/podman.spec.in
index 1f1274a4dc..8b8b2d5541 100644
--- a/contrib/spec/podman.spec.in
+++ b/contrib/spec/podman.spec.in
@@ -51,7 +51,7 @@
 %global shortcommit     %(c=%{commit}; echo ${c:0:7})
 
 Name:           podman
-Version:        0.7.4
+Version:        0.8.1
 Release:        #COMMITDATE#.git%{shortcommit}%{?dist}
 Summary:        Manage Pods, Containers and Container Images
 License:        ASL 2.0
diff --git a/version/version.go b/version/version.go
index 71e377893f..4493a97f9c 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,4 +1,4 @@
 package version
 
 // Version is the version of the build.
-const Version = "0.7.4"
+const Version = "0.8.1-dev"