diff --git a/.github/README.md b/.github/README.md
index b6197b5b..801e8b28 100644
--- a/.github/README.md
+++ b/.github/README.md
@@ -1,6 +1,6 @@
 # The KYVE Network
 
-###### v1.3.0
+###### v1.3.1
 
 The KYVE consensus layer is the backbone of the KYVE ecosystem. This layer is a
 sovereign Delegated Proof of Stake network built using the
diff --git a/CHANGELOG.md b/CHANGELOG.md
index cc0c0f9b..79725645 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,12 @@
 
 An '!' indicates a state machine breaking change.
 
+## [v1.3.1](https://github.com/KYVENetwork/chain/releases/tag/v1.3.1) - 2023-08-02
+
+### Bug Fixes
+
+- [#122](https://github.com/KYVENetwork/chain/pull/122) Fix makefile go version parse cmd.
+
 ## [v1.3.0](https://github.com/KYVENetwork/chain/releases/tag/v1.3.0) - 2023-07-15
 
 ### Features
@@ -40,7 +46,6 @@ An '!' indicates a state machine breaking change.
 ### API Breaking
 
 - (`x/query`) [#87](https://github.com/KYVENetwork/chain/pull/87) Correctly return pools that an account has funded.
-<!-- TODO: Switch this link to the release tag. -->
 - (`x/stakers`) [#46](https://github.com/KYVENetwork/chain/pull/46) Emit an [event](https://github.com/KYVENetwork/chain/blob/main/x/stakers/spec/05_events.md#eventclaimcommissionrewards) when claiming protocol validator commission rewards.
 - (`x/bundles`) [#104](https://github.com/KYVENetwork/chain/pull/104) Improve schema for finalized bundles query.
 
diff --git a/Makefile b/Makefile
index c0b08608..ad3ee575 100644
--- a/Makefile
+++ b/Makefile
@@ -1,6 +1,6 @@
 COMMIT := $(shell git log -1 --format='%H')
 GO_VERSION := $(shell go version | cut -c 14- | cut -d' ' -f1 | cut -d'.' -f1,2)
-VERSION := v1.3.0 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
+VERSION := v1.3.1 # $(shell echo $(shell git describe --tags) | sed 's/^v//')
 
 TEAM_ALLOCATION := 165000000000000
 ifeq ($(ENV),kaon)