diff --git a/build.gradle b/build.gradle
index cd3671b002f..7f079a96992 100644
--- a/build.gradle
+++ b/build.gradle
@@ -16,7 +16,7 @@ allprojects {
 
 subprojects {
     group = 'org.megamek'
-    version = '0.49.7'
+    version = '0.49.8-SNAPSHOT'
 }
 
 ext {
diff --git a/megamek/docs/history.txt b/megamek/docs/history.txt
index 4889da7300f..74edaaa13d0 100644
--- a/megamek/docs/history.txt
+++ b/megamek/docs/history.txt
@@ -1,6 +1,8 @@
 
 VERSION HISTORY:
 ----------------
+0.49.8-SNAPSHOT
+
 0.49.7 (2021-12-18 0300 UTC)
 + Issue #504: Adding View Active Unit keybind, to view active unit in Unit Display and target previously viewed unit
 + PR #3347: TacOps: AR bracing rule (mechs and protomechs can brace to get a bonus to hit on some shots, but are a lot easier to hit themselves)
diff --git a/megamek/src/megamek/SuiteConstants.java b/megamek/src/megamek/SuiteConstants.java
index b192c8e3a97..be1dbb27200 100644
--- a/megamek/src/megamek/SuiteConstants.java
+++ b/megamek/src/megamek/SuiteConstants.java
@@ -26,7 +26,7 @@
 public abstract class SuiteConstants {
     //region General Constants
     public static final String PROJECT_NAME = "MegaMek Suite";
-    public static final Version VERSION = new Version("0.49.7");
+    public static final Version VERSION = new Version("0.49.8-SNAPSHOT");
     public static final LocalDate RELEASE_DATE = LocalDate.of(2022, 02, 18);
     public static final int MAXIMUM_D6_VALUE = 6;