diff --git a/package.json b/package.json
index c3111401..3bddff9c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@nucypher/nucypher-contracts",
-  "version": "0.7.0",
+  "version": "0.8.0",
   "license": "AGPL-3.0-or-later",
   "description": "Threshold Access Control (TACo) Smart Contracts",
   "author": "NuCypher",
diff --git a/setup.cfg b/setup.cfg
index d42e79d1..e3ed00d4 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.7.0
+current_version = 0.8.0
 commit = True
 tag = True
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(-(?P<stage>[^.]*)\.(?P<devnum>\d+))?