diff --git a/package.json b/package.json
index 825d30df4..f98aacdf0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "lbry",
-  "version": "0.48.2",
+  "version": "0.49.0-rc.1",
   "description": "A browser for the LBRY network, a digital marketplace controlled by its users.",
   "keywords": [
     "lbry"