diff --git a/packaging/templates/package_scripts/control b/packaging/templates/package_scripts/control
index e7ace96e72..d6a0d2f9ff 100644
--- a/packaging/templates/package_scripts/control
+++ b/packaging/templates/package_scripts/control
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.arm64 b/packaging/templates/package_scripts/control.arm64
index 2ea263e599..4b2fa87301 100644
--- a/packaging/templates/package_scripts/control.arm64
+++ b/packaging/templates/package_scripts/control.arm64
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.amd64 b/packaging/templates/package_scripts/control.profile.amd64
index ccc8936dbd..c2e961796c 100644
--- a/packaging/templates/package_scripts/control.profile.amd64
+++ b/packaging/templates/package_scripts/control.profile.amd64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.profile.arm64 b/packaging/templates/package_scripts/control.profile.arm64
index 5b4e012780..8d0355d6c1 100644
--- a/packaging/templates/package_scripts/control.profile.arm64
+++ b/packaging/templates/package_scripts/control.profile.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator b/packaging/templates/package_scripts/control.validator
index 5dd2bca4c5..f1733691a3 100644
--- a/packaging/templates/package_scripts/control.validator
+++ b/packaging/templates/package_scripts/control.validator
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/packaging/templates/package_scripts/control.validator.arm64 b/packaging/templates/package_scripts/control.validator.arm64
index 8b45776fde..f4ed4a5c25 100644
--- a/packaging/templates/package_scripts/control.validator.arm64
+++ b/packaging/templates/package_scripts/control.validator.arm64
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.2.9-beta
+Version: 1.3.0-beta-1
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/params/version.go b/params/version.go
index 4f2658a99d..142000b21b 100644
--- a/params/version.go
+++ b/params/version.go
@@ -21,10 +21,10 @@ import (
 )
 
 const (
-	VersionMajor = 1      // Major version component of the current release
-	VersionMinor = 2      // Minor version component of the current release
-	VersionPatch = 9      // Patch version component of the current release
-	VersionMeta  = "beta" // Version metadata to append to the version string
+	VersionMajor = 1        // Major version component of the current release
+	VersionMinor = 3        // Minor version component of the current release
+	VersionPatch = 0        // Patch version component of the current release
+	VersionMeta  = "beta-1" // Version metadata to append to the version string
 )
 
 var GitCommit string