diff --git a/gutenberg.php b/gutenberg.php
index 9ad210cee3fd66..c1869707b6d4c2 100644
--- a/gutenberg.php
+++ b/gutenberg.php
@@ -3,7 +3,7 @@
  * Plugin Name: Gutenberg
  * Plugin URI: https://github.com/WordPress/gutenberg
  * Description: Printing since 1440. This is the development plugin for the new block editor in core.
- * Version: 3.4.0
+ * Version: 3.5.0
  * Author: Gutenberg Team
  *
  * @package gutenberg
diff --git a/package-lock.json b/package-lock.json
index be2acc047346cc..a2c9b1cede2726 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "3.4.0",
+	"version": "3.5.0",
 	"lockfileVersion": 1,
 	"requires": true,
 	"dependencies": {
diff --git a/package.json b/package.json
index f72d5083bace31..6e094440aaf70c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "3.4.0",
+	"version": "3.5.0",
 	"private": true,
 	"description": "A new WordPress editor experience",
 	"repository": "git+https://github.com/WordPress/gutenberg.git",