diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 662034fb5..4e083d5d6 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.2.0
+current_version = 1.3.0
 commit = True
 tag = True
 
diff --git a/ocean_lib/__init__.py b/ocean_lib/__init__.py
index 4dc7b3a1b..d711142e0 100644
--- a/ocean_lib/__init__.py
+++ b/ocean_lib/__init__.py
@@ -7,5 +7,5 @@
 
 __author__ = """OceanProtocol"""
 # fmt: off
-__version__ = '1.2.0'
+__version__ = '1.3.0'
 # fmt: on
diff --git a/setup.py b/setup.py
index 6968ee300..6ac32f920 100644
--- a/setup.py
+++ b/setup.py
@@ -102,7 +102,7 @@
     url="https://github.com/oceanprotocol/ocean.py",
     # fmt: off
     # bumpversion.sh needs single-quotes
-    version='1.2.0',
+    version='1.3.0',
     # fmt: on
     zip_safe=False,
 )