diff --git a/CHANGELOG.md b/CHANGELOG.md
index d5a195b9..f18ff24a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [3.0.0-develop.1](https://github.com/cheqd/sdk/compare/2.1.0-develop.1...3.0.0-develop.1) (2023-02-14)
+
+
+### ⚠ BREAKING CHANGES
+
+* Transition to ESM as hybrid package (#133)
+
+### Build System
+
+* Transition to ESM as hybrid package ([#133](https://github.com/cheqd/sdk/issues/133)) ([a832043](https://github.com/cheqd/sdk/commit/a832043016336aa4cc74a8106429576c72ffe9d9))
+
 ## [2.1.0-develop.1](https://github.com/cheqd/sdk/compare/2.0.2-develop.1...2.1.0-develop.1) (2023-02-08)
 
 
diff --git a/package.json b/package.json
index d7390c37..270e5045 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@cheqd/sdk",
-  "version": "2.1.0-develop.1",
+  "version": "3.0.0-develop.1",
   "description": "A TypeScript SDK built with CosmJS to interact with cheqd network ledger",
   "license": "Apache-2.0",
   "author": "Cheqd Foundation Limited (https://github.com/cheqd)",