diff --git a/contrib/spec/podman.spec.in b/contrib/spec/podman.spec.in
index fa513932ff..d59aaf1f9c 100644
--- a/contrib/spec/podman.spec.in
+++ b/contrib/spec/podman.spec.in
@@ -36,7 +36,7 @@ Epoch: 99
 %else
 Epoch: 0
 %endif
-Version: 3.3.0
+Version: 3.4.0
 Release: #COMMITDATE#.git%{shortcommit0}%{?dist}
 Summary: Manage Pods, Containers and Container Images
 License: ASL 2.0
diff --git a/version/version.go b/version/version.go
index c6bd2c2392..4bf4468987 100644
--- a/version/version.go
+++ b/version/version.go
@@ -27,7 +27,7 @@ const (
 // NOTE: remember to bump the version at the top
 // of the top-level README.md file when this is
 // bumped.
-var Version = semver.MustParse("4.0.0-dev")
+var Version = semver.MustParse("3.4.0-dev")
 
 // See https://docs.docker.com/engine/api/v1.40/
 // libpod compat handlers are expected to honor docker API versions