diff --git a/package.json b/package.json
index 2012a290d..1dd80721f 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@tbd54566975/web5",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "description": "SDK for accessing the features and capabilities of Web5",
   "type": "module",
   "main": "./dist/cjs/index.js",