diff --git a/docs/release-notes/version-3.4.md b/docs/release-notes/version-3.4.md
index c14acca66..47f590d59 100644
--- a/docs/release-notes/version-3.4.md
+++ b/docs/release-notes/version-3.4.md
@@ -1,5 +1,9 @@
 # NetBox v3.4
 
+## v3.4.8 (FUTURE)
+
+---
+
 ## v3.4.7 (2023-03-28)
 
 ### Enhancements
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 17414d4e1..be2d95630 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -24,7 +24,7 @@ from netbox.constants import RQ_QUEUE_DEFAULT, RQ_QUEUE_HIGH, RQ_QUEUE_LOW
 # Environment setup
 #
 
-VERSION = '3.4.7'
+VERSION = '3.4.8-dev'
 
 # Hostname
 HOSTNAME = platform.node()