diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0e3a05ea4..0bcfaceec 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,17 @@
 
 ## Unreleased
 
+### Breaking Changes
+...
+### New Features
+...
+### Fixes
+...
+### Deprecations
+...
+
+## 3.0.0
+
 ### Breaking Changes
  - We removed the `trace_id` as a concept from various tracing-related functions and moved them to a `context`. If you did not directly use the `trace_id` there is nothing to change.
    - `Task.run` no longer takes a trace id. This was an largely unused feature and we revamped the trace ids for the traces.
diff --git a/pyproject.toml b/pyproject.toml
index 09ece5174..88c5c77eb 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "poetry.core.masonry.api"
 
 [tool.poetry]
 name = "intelligence-layer"
-version = "2.0.0"
+version = "3.0.0"
 description = ""
 authors = ["Aleph Alpha Engineering <engineering@aleph-alpha.com>"]
 readme = "README.md"