diff --git a/plugins/woocommerce-blocks/package.json b/plugins/woocommerce-blocks/package.json
index 0f0113b8b21..36a7e316440 100644
--- a/plugins/woocommerce-blocks/package.json
+++ b/plugins/woocommerce-blocks/package.json
@@ -2,7 +2,7 @@
 	"name": "@woocommerce/block-library",
 	"title": "WooCommerce Blocks",
 	"author": "Automattic",
-	"version": "3.1.0",
+	"version": "3.2.0-dev",
 	"description": "WooCommerce blocks for the Gutenberg editor.",
 	"homepage": "https://github.com/woocommerce/woocommerce-gutenberg-products-block/",
 	"keywords": [
diff --git a/plugins/woocommerce-blocks/readme.txt b/plugins/woocommerce-blocks/readme.txt
index 71ff55a7cbb..079006d7cfb 100644
--- a/plugins/woocommerce-blocks/readme.txt
+++ b/plugins/woocommerce-blocks/readme.txt
@@ -4,7 +4,7 @@ Tags: gutenberg, woocommerce, woo commerce, products, blocks, woocommerce blocks
 Requires at least: 5.2
 Tested up to: 5.5
 Requires PHP: 5.6
-Stable tag: 3.1.0
+Stable tag: 3.2.0-dev
 License: GPLv3
 License URI: https://www.gnu.org/licenses/gpl-3.0.html
 
diff --git a/plugins/woocommerce-blocks/src/Package.php b/plugins/woocommerce-blocks/src/Package.php
index a4abce7af2e..a8823d5839a 100644
--- a/plugins/woocommerce-blocks/src/Package.php
+++ b/plugins/woocommerce-blocks/src/Package.php
@@ -101,7 +101,7 @@ class Package {
 				NewPackage::class,
 				function ( $container ) {
 					// leave for automated version bumping.
-					$version = '3.1.0';
+					$version = '3.2.0-dev';
 					return new NewPackage(
 						$version,
 						dirname( __DIR__ )
diff --git a/plugins/woocommerce-blocks/woocommerce-gutenberg-products-block.php b/plugins/woocommerce-blocks/woocommerce-gutenberg-products-block.php
index 5c8d26d4d7c..e4443818408 100644
--- a/plugins/woocommerce-blocks/woocommerce-gutenberg-products-block.php
+++ b/plugins/woocommerce-blocks/woocommerce-gutenberg-products-block.php
@@ -3,7 +3,7 @@
  * Plugin Name: WooCommerce Blocks
  * Plugin URI: https://github.com/woocommerce/woocommerce-gutenberg-products-block
  * Description: WooCommerce blocks for the Gutenberg editor.
- * Version: 3.1.0
+ * Version: 3.2.0-dev
  * Author: Automattic
  * Author URI: https://woocommerce.com
  * Text Domain:  woo-gutenberg-products-block