diff --git a/package-lock.json b/package-lock.json
index bcb132ce6..9a25d9db5 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@hashgraph/smart-contracts",
-  "version": "0.7.0-SNAPSHOT",
+  "version": "0.8.0-SNAPSHOT",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@hashgraph/smart-contracts",
-      "version": "0.7.0-SNAPSHOT",
+      "version": "0.8.0-SNAPSHOT",
       "license": "Apache-2.0",
       "dependencies": {
         "@nomicfoundation/solidity-analyzer": "^0.1.0",
diff --git a/package.json b/package.json
index 0ffab4e1b..ccc1ab5c8 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@hashgraph/smart-contracts",
-  "version": "0.7.0-SNAPSHOT",
+  "version": "0.8.0-SNAPSHOT",
   "description": "Hedera Smart Contract Service supporting files",
   "files": [
     "/contracts/**/*.sol",