diff --git a/package.json b/package.json
index 5b9b88670..3ff501c53 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "lbry",
-  "version": "0.49.4",
+  "version": "0.50.0-rc.1",
   "description": "A browser for the LBRY network, a digital marketplace controlled by its users.",
   "keywords": [
     "lbry"