diff --git a/openpype/version.py b/openpype/version.py
index 857a9574d8..f8a49f8466 100644
--- a/openpype/version.py
+++ b/openpype/version.py
@@ -1,3 +1,3 @@
 # -*- coding: utf-8 -*-
 """Package declaring Pype version."""
-__version__ = "3.16.4"
+__version__ = "3.16.5-nightly.1"