diff --git a/CHANGELOG.md b/CHANGELOG.md
index 76bde894c..5303bf356 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,3 +4,4 @@
 ### PR's not influencing public API:
   * add CHANGELOG update verification #340
   * action enforcing changelog fix #342
+  * bump version to 0.8.0 #344
diff --git a/README.md b/README.md
index ec5eb0c74..dc3dc0248 100644
--- a/README.md
+++ b/README.md
@@ -23,7 +23,7 @@ This package provides core of the [Membrane Multimedia Framework](https://membra
 Add the following line to your `deps` in `mix.exs`. Run `mix deps.get`.
 
 ```elixir
-{:membrane_core, "~> 0.7.0"}
+{:membrane_core, "~> 0.8.0"}
 ```
 
 ## Getting started
diff --git a/mix.exs b/mix.exs
index cd26d680e..d3860e711 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule Membrane.Mixfile do
   use Mix.Project
 
-  @version "0.7.0"
+  @version "0.8.0"
   @source_ref "v#{@version}"
 
   def project do