diff --git a/openpype/settings/defaults/project_settings/nuke.json b/openpype/settings/defaults/project_settings/nuke.json
index 1cadedd797..20df0ad5c2 100644
--- a/openpype/settings/defaults/project_settings/nuke.json
+++ b/openpype/settings/defaults/project_settings/nuke.json
@@ -19,16 +19,16 @@
             "rules": {}
         },
         "viewer": {
-            "viewerProcess": "sRGB"
+            "viewerProcess": "sRGB (default)"
         },
         "baking": {
-            "viewerProcess": "rec709"
+            "viewerProcess": "rec709 (default)"
         },
         "workfile": {
-            "colorManagement": "Nuke",
+            "colorManagement": "OCIO",
             "OCIO_config": "nuke-default",
-            "workingSpaceLUT": "linear",
-            "monitorLut": "sRGB"
+            "workingSpaceLUT": "scene_linear",
+            "monitorLut": "sRGB (default)"
         },
         "nodes": {
             "requiredNodes": [
@@ -76,7 +76,7 @@
                         {
                             "type": "text",
                             "name": "colorspace",
-                            "value": "linear"
+                            "value": "scene_linear"
                         },
                         {
                             "type": "bool",
@@ -129,7 +129,7 @@
                         {
                             "type": "text",
                             "name": "colorspace",
-                            "value": "linear"
+                            "value": "scene_linear"
                         },
                         {
                             "type": "bool",
@@ -177,7 +177,7 @@
                         {
                             "type": "text",
                             "name": "colorspace",
-                            "value": "sRGB"
+                            "value": "texture_paint"
                         },
                         {
                             "type": "bool",
@@ -193,7 +193,7 @@
             "inputs": [
                 {
                     "regex": "(beauty).*(?=.exr)",
-                    "colorspace": "linear"
+                    "colorspace": "scene_linear"
                 }
             ]
         }
diff --git a/server_addon/nuke/server/settings/imageio.py b/server_addon/nuke/server/settings/imageio.py
index 15ccd4e89a..19ad5ff24a 100644
--- a/server_addon/nuke/server/settings/imageio.py
+++ b/server_addon/nuke/server/settings/imageio.py
@@ -213,16 +213,16 @@ class ImageIOSettings(BaseSettingsModel):
 
 DEFAULT_IMAGEIO_SETTINGS = {
     "viewer": {
-        "viewerProcess": "sRGB"
+        "viewerProcess": "sRGB (default)"
     },
     "baking": {
-        "viewerProcess": "rec709"
+        "viewerProcess": "rec709 (default)"
     },
     "workfile": {
-        "color_management": "Nuke",
+        "color_management": "OCIO",
         "native_ocio_config": "nuke-default",
-        "working_space": "linear",
-        "thumbnail_space": "sRGB",
+        "working_space": "scene_linear",
+        "thumbnail_space": "sRGB (default)",
     },
     "nodes": {
         "required_nodes": [
@@ -269,7 +269,7 @@ DEFAULT_IMAGEIO_SETTINGS = {
                     {
                         "type": "text",
                         "name": "colorspace",
-                        "text": "linear"
+                        "text": "scene_linear"
                     },
                     {
                         "type": "boolean",
@@ -321,7 +321,7 @@ DEFAULT_IMAGEIO_SETTINGS = {
                     {
                         "type": "text",
                         "name": "colorspace",
-                        "text": "linear"
+                        "text": "scene_linear"
                     },
                     {
                         "type": "boolean",
@@ -368,7 +368,7 @@ DEFAULT_IMAGEIO_SETTINGS = {
                     {
                         "type": "text",
                         "name": "colorspace",
-                        "text": "sRGB"
+                        "text": "texture_paint"
                     },
                     {
                         "type": "boolean",
diff --git a/server_addon/nuke/server/version.py b/server_addon/nuke/server/version.py
index bbab0242f6..1276d0254f 100644
--- a/server_addon/nuke/server/version.py
+++ b/server_addon/nuke/server/version.py
@@ -1 +1 @@
-__version__ = "0.1.4"
+__version__ = "0.1.5"