diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2035f44a5..95707717f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Change Log
 
-## Next version
+## v0.8.0
 
 ### Major Features and Improvements
 
diff --git a/CMakeLists.txt b/CMakeLists.txt
index db8a0b8e7..a21736a1c 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -30,7 +30,7 @@ set(CMAKE_C_COMPILER "clang")
 set(CMAKE_CXX_COMPILER "clang++")
 # -----------------------------------------------------------------------------
 
-project(memgraph VERSION 0.7.0)
+project(memgraph VERSION 0.8.0)
 # -----------------------------------------------------------------------------
 
 # setup CMake module path, defines path for include() and find_package()