diff --git a/CHANGELOG.md b/CHANGELOG.md
index b26bb867da4..ffa3c30c41c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,28 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 **Note: we move fast, but still we preserve 0.1 version (one feature release) back compatibility.**
 
 
+## [UnReleased] - 2023-MM-DD
+
+### Added
+
+-
+
+
+### Changed
+
+-
+
+
+### Removed
+
+-
+
+
+### Fixed
+
+-
+
+
 ## [1.2.0] - 2023-09-22
 
 ### Added
diff --git a/src/torchmetrics/__about__.py b/src/torchmetrics/__about__.py
index a4fce05ae66..83ee50887f4 100644
--- a/src/torchmetrics/__about__.py
+++ b/src/torchmetrics/__about__.py
@@ -1,4 +1,4 @@
-__version__ = "1.2.0"
+__version__ = "1.3.0dev"
 __author__ = "Lightning-AI et al."
 __author_email__ = "name@pytorchlightning.ai"
 __license__ = "Apache-2.0"