diff --git a/packaging/templates/package_scripts/control b/packaging/templates/package_scripts/control
index de2116d4f7..8b23d736fb 100644
--- a/packaging/templates/package_scripts/control
+++ b/packaging/templates/package_scripts/control
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.3.7
+Version: 1.4.0-beta
 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 dc19273911..4ed66c7140 100644
--- a/packaging/templates/package_scripts/control.arm64
+++ b/packaging/templates/package_scripts/control.arm64
@@ -1,5 +1,5 @@
 Source: bor
-Version: 1.3.7
+Version: 1.4.0-beta
 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 f5b9b2d8e2..aa23845dc1 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: 1.3.7
+Version: 1.4.0-beta
 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 f264453125..0615b8afcc 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: 1.3.7
+Version: 1.4.0-beta
 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 cbbdcc9695..9c68bbcab2 100644
--- a/packaging/templates/package_scripts/control.validator
+++ b/packaging/templates/package_scripts/control.validator
@@ -1,5 +1,5 @@
 Source: bor-profile
-Version: 1.3.7
+Version: 1.4.0-beta
 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 77cb076cd8..e02af6b73c 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: 1.3.7
+Version: 1.4.0-beta
 Section: develop
 Priority: standard
 Maintainer: Polygon <release-team@polygon.technology>
diff --git a/params/version.go b/params/version.go
index 8f7e9c3c11..05e42743e8 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 = 3  // Minor version component of the current release
-	VersionPatch = 7  // Patch version component of the current release
-	VersionMeta  = "" // Version metadata to append to the version string
+	VersionMajor = 1      // Major version component of the current release
+	VersionMinor = 4      // Minor version component of the current release
+	VersionPatch = 0      // Patch version component of the current release
+	VersionMeta  = "beta" // Version metadata to append to the version string
 )
 
 var GitCommit string