diff --git a/version.py b/version.py
index 03c76b704b8..348b6b89ed7 100644
--- a/version.py
+++ b/version.py
@@ -2,6 +2,6 @@ short_name="godot"
 name="Godot Engine"
 major=1
 minor=1
-status="rc2"
+status="rc3"