diff --git a/lbrynet/__init__.py b/lbrynet/__init__.py
index 3e2db949d..bf1b38171 100644
--- a/lbrynet/__init__.py
+++ b/lbrynet/__init__.py
@@ -1,4 +1,4 @@
 __name__ = "lbrynet"
-__version__ = "0.32.4"
+__version__ = "0.33.0rc1"
 version = tuple(__version__.split('.'))