diff --git a/openpype/version.py b/openpype/version.py
index d7c8a71343..afbac53385 100644
--- a/openpype/version.py
+++ b/openpype/version.py
@@ -1,3 +1,3 @@
 # -*- coding: utf-8 -*-
 """Package declaring Pype version."""
-__version__ = "3.16.3"
+__version__ = "3.16.4-nightly.1"