diff --git a/openpype/version.py b/openpype/version.py
index b2dfc857a3..40375bef43 100644
--- a/openpype/version.py
+++ b/openpype/version.py
@@ -1,3 +1,3 @@
 # -*- coding: utf-8 -*-
 """Package declaring Pype version."""
-__version__ = "3.16.1"
+__version__ = "3.16.2-nightly.1"