diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8e26f0ee5..18c71276c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,17 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## 2.32.0-beta.1
+
+### Added
+- METADATA key and possibility to update NFT metadata (HIP-657)
+- Fungible Token Metadata Field (HIP-646)
+- NFT Collection Token Metadata Field (HIP-765)
+
+### Changed
+- improved documentation in repository
+- updated protobufs
+
 ## 2.31.0
 
 ### Added
diff --git a/docs/java-app/java-app-quickstart.md b/docs/java-app/java-app-quickstart.md
index 3391c51fa..f353d6e87 100644
--- a/docs/java-app/java-app-quickstart.md
+++ b/docs/java-app/java-app-quickstart.md
@@ -8,7 +8,7 @@ To get started with a Java project, you'll need to add the following **three** d
 
 _Gradle:_
 ```groovy
-implementation 'com.hedera.hashgraph:sdk:2.31.0'
+implementation 'com.hedera.hashgraph:sdk:2.32.0-beta.1'
 ```
 
 _Maven:_
@@ -16,7 +16,7 @@ _Maven:_
 <dependency>
   <groupId>com.hedera.hashgraph</groupId>
   <artifactId>sdk</artifactId>
-  <version>2.31.0</version>
+  <version>2.32.0-beta.1</version>
 </dependency>
 ```
 
diff --git a/example-android/app/build.gradle b/example-android/app/build.gradle
index 87681e117..455be32e3 100644
--- a/example-android/app/build.gradle
+++ b/example-android/app/build.gradle
@@ -50,7 +50,7 @@ dependencies {
     androidTestImplementation 'androidx.test.ext:junit:1.1.5'
     androidTestImplementation 'androidx.test.espresso:espresso-core:3.5.1'
 
-    implementation 'com.hedera.hashgraph:sdk:2.31.0'
+    implementation 'com.hedera.hashgraph:sdk:2.32.0-beta.1'
 
     implementation 'org.slf4j:slf4j-simple:2.0.7'
     implementation 'io.grpc:grpc-okhttp:1.49.2'
diff --git a/version.gradle b/version.gradle
index 17b24bc90..41269568a 100644
--- a/version.gradle
+++ b/version.gradle
@@ -2,4 +2,4 @@
 // and `sdk/build.gradle` so I extracted them into another file and made both aforementioned
 // files import this one.
 group = "com.hedera.hashgraph"
-version = "2.31.0"
+version = "2.32.0-beta.1"