diff --git a/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/CHANGELOG.md b/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/CHANGELOG.md
index b39c27d7fa2b4..d33a8a7da053e 100644
--- a/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/CHANGELOG.md
+++ b/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 3.5.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 3.4.3 (2024-11-19)
 
 ### Bugs Fixed
diff --git a/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/src/Microsoft.Azure.WebJobs.Extensions.EventGrid.csproj b/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/src/Microsoft.Azure.WebJobs.Extensions.EventGrid.csproj
index 4dbd98f779179..8f484eabd54d9 100644
--- a/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/src/Microsoft.Azure.WebJobs.Extensions.EventGrid.csproj
+++ b/sdk/eventgrid/Microsoft.Azure.WebJobs.Extensions.EventGrid/src/Microsoft.Azure.WebJobs.Extensions.EventGrid.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <Description>This extension adds bindings for EventGrid</Description>
-    <Version>3.4.3</Version>
+    <Version>3.5.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>3.4.2</ApiCompatVersion>
+    <ApiCompatVersion>3.4.3</ApiCompatVersion>
     <NoWarn>$(NoWarn);CS1591</NoWarn>
     <AssemblyOriginatorKeyFile>sign.snk</AssemblyOriginatorKeyFile>
     <IsExtensionClientLibrary>true</IsExtensionClientLibrary>