diff --git a/eventlet/__init__.py b/eventlet/__init__.py
index 16d32cbd8..7e1effb2d 100644
--- a/eventlet/__init__.py
+++ b/eventlet/__init__.py
@@ -2,12 +2,12 @@
 import sys
 import warnings
 
-if sys.version_info < (3, 5):
+if sys.version_info < (3, 7):
     warnings.warn(
-        "Support for your Python version is deprecated and will be removed in the future",
+        """Your Python version is no longer supported by eventlet
+        Please consider upgrading to minimal supported Python version""",
         DeprecationWarning,
     )
-
 from eventlet import convenience
 from eventlet import event
 from eventlet import greenpool
@@ -17,7 +17,19 @@
 from eventlet import semaphore
 from eventlet import support
 from eventlet import timeout
+# NOTE(hberaud): Versions are now managed by hatch and control version.
+# hatch has a build hook which generates the version file, however,
+# if the project is installed in editable mode then the _version.py file
+# will not be updated unless the package is reinstalled (or locally rebuilt).
+# For further details, please read:
+# https://github.com/ofek/hatch-vcs#build-hook
+# https://github.com/maresb/hatch-vcs-footgun-example
+try:
+    from eventlet._version import __version__
+except ImportError:
+    __version__ = "0.0.0"
 import greenlet
+
 # Force monotonic library search as early as possible.
 # Helpful when CPython < 3.5 on Linux blocked in `os.waitpid(-1)` before first use of hub.
 # Example: gunicorn
diff --git a/pyproject.toml b/pyproject.toml
index 71502f321..4514e1c6f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -59,3 +59,6 @@ exclude = ["tests*", "benchmarks", "examples"]
 
 [tool.hatch]
 version.source = "vcs"
+
+[tool.hatch.build.hooks.vcs]
+version-file = "eventlet/_version.py"