diff --git a/pyproject.toml b/pyproject.toml
index 3fe1c64fb..1008de343 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "lnbits"
-version = "1.1.0"
+version = "1.2.0-rc1"
 description = "LNbits, free and open-source Lightning wallet and accounts system."
 authors = ["Alan Bits <alan@lnbits.com>"]
 readme = "README.md"