diff --git a/misc/dist/macos_tools.app/Contents/Info.plist b/misc/dist/macos_tools.app/Contents/Info.plist
index 0c7faac6ca..34067acd07 100644
--- a/misc/dist/macos_tools.app/Contents/Info.plist
+++ b/misc/dist/macos_tools.app/Contents/Info.plist
@@ -19,11 +19,11 @@
 	<key>CFBundlePackageType</key>
 	<string>APPL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>4.7</string>
+	<string>4.8</string>
 	<key>CFBundleSignature</key>
 	<string>GODO</string>
 	<key>CFBundleVersion</key>
-	<string>4.7</string>
+	<string>4.8</string>
 	<key>NSMicrophoneUsageDescription</key>
 	<string>Microphone access is required to capture audio.</string>
 	<key>NSCameraUsageDescription</key>
diff --git a/misc/dist/windows/godot.iss b/misc/dist/windows/godot.iss
index 3aad2bd7c5..e79a68e605 100644
--- a/misc/dist/windows/godot.iss
+++ b/misc/dist/windows/godot.iss
@@ -1,5 +1,5 @@
 #define MyAppName "Godot Engine"
-#define MyAppVersion "4.7"
+#define MyAppVersion "4.8"
 #define MyAppPublisher "Godot Engine contributors"
 #define MyAppURL "https://godotengine.org/"
 #define MyAppExeName "godot.exe"
diff --git a/misc/extension_api_validation/4.6-stable/GH-104736.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-104736.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-104736.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-104736.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-109004.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-109004.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-109004.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-109004.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-109142.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-109142.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-109142.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-109142.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-109892.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-109892.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-109892.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-109892.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-110369.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-110369.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-110369.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-110369.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-112617.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-112617.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-112617.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-112617.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-114355.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-114355.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-114355.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-114355.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-115799.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-115799.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-115799.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-115799.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-115946.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-115946.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-115946.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-115946.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-116394.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-116394.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-116394.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-116394.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-116839.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-116839.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-116839.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-116839.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-117149.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-117149.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-117149.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-117149.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-117399.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-117399.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-117399.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-117399.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-117800.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-117800.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-117800.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-117800.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-117968.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-117968.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-117968.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-117968.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-118128.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-118128.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-118128.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-118128.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-118582.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-118582.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-118582.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-118582.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-118787.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-118787.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-118787.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-118787.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-119367.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-119367.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-119367.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-119367.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-119563.txt b/misc/extension_api_validation/4.6-stable_4.7-stable/GH-119563.txt
similarity index 100%
rename from misc/extension_api_validation/4.6-stable/GH-119563.txt
rename to misc/extension_api_validation/4.6-stable_4.7-stable/GH-119563.txt
diff --git a/misc/extension_api_validation/4.6-stable/GH-XXXXXX.txt b/misc/extension_api_validation/4.7-stable/GH-XXXXXX.txt
similarity index 86%
rename from misc/extension_api_validation/4.6-stable/GH-XXXXXX.txt
rename to misc/extension_api_validation/4.7-stable/GH-XXXXXX.txt
index 179085d974..6cb839065c 100644
--- a/misc/extension_api_validation/4.6-stable/GH-XXXXXX.txt
+++ b/misc/extension_api_validation/4.7-stable/GH-XXXXXX.txt
@@ -1,4 +1,4 @@
-# This file should contain expected output of --validate-extension-api when run against the extension_api.json of the 4.6-stable tag.
+# This file should contain expected output of --validate-extension-api when run against the extension_api.json of the 4.7-stable tag.
 # Only lines that start with "Validate extension JSON:" matter, everything else is considered a comment and ignored.
 # They should instead be used to justify these changes and describe how users should work around these changes.
 
diff --git a/modules/mono/editor/Godot.NET.Sdk/Godot.NET.Sdk/Godot.NET.Sdk.csproj b/modules/mono/editor/Godot.NET.Sdk/Godot.NET.Sdk/Godot.NET.Sdk.csproj
index 55bb7095fe..37a4ea17e3 100644
--- a/modules/mono/editor/Godot.NET.Sdk/Godot.NET.Sdk/Godot.NET.Sdk.csproj
+++ b/modules/mono/editor/Godot.NET.Sdk/Godot.NET.Sdk/Godot.NET.Sdk.csproj
@@ -18,7 +18,7 @@
     <Authors>Godot Engine contributors</Authors>
 
     <PackageId>Godot.NET.Sdk</PackageId>
-    <Version>4.7.0</Version>
+    <Version>4.8.0</Version>
     <PackageVersion>$(PackageVersion_Godot_NET_Sdk)</PackageVersion>
     <RepositoryUrl>https://github.com/godotengine/godot/tree/master/modules/mono/editor/Godot.NET.Sdk</RepositoryUrl>
     <PackageProjectUrl>$(RepositoryUrl)</PackageProjectUrl>
diff --git a/modules/mono/editor/Godot.NET.Sdk/Godot.SourceGenerators/Godot.SourceGenerators.csproj b/modules/mono/editor/Godot.NET.Sdk/Godot.SourceGenerators/Godot.SourceGenerators.csproj
index 1a4f8bb205..6ca1baabc8 100644
--- a/modules/mono/editor/Godot.NET.Sdk/Godot.SourceGenerators/Godot.SourceGenerators.csproj
+++ b/modules/mono/editor/Godot.NET.Sdk/Godot.SourceGenerators/Godot.SourceGenerators.csproj
@@ -10,7 +10,7 @@
     <Authors>Godot Engine contributors</Authors>
 
     <PackageId>Godot.SourceGenerators</PackageId>
-    <Version>4.7.0</Version>
+    <Version>4.8.0</Version>
     <PackageVersion>$(PackageVersion_Godot_SourceGenerators)</PackageVersion>
     <RepositoryUrl>https://github.com/godotengine/godot/tree/master/modules/mono/editor/Godot.NET.Sdk/Godot.SourceGenerators</RepositoryUrl>
     <PackageProjectUrl>$(RepositoryUrl)</PackageProjectUrl>
diff --git a/modules/mono/glue/GodotSharp/GodotSharp/GodotSharp.csproj b/modules/mono/glue/GodotSharp/GodotSharp/GodotSharp.csproj
index 474fdc9c94..6482a16c53 100644
--- a/modules/mono/glue/GodotSharp/GodotSharp/GodotSharp.csproj
+++ b/modules/mono/glue/GodotSharp/GodotSharp/GodotSharp.csproj
@@ -19,7 +19,7 @@
     <Authors>Godot Engine contributors</Authors>
 
     <PackageId>GodotSharp</PackageId>
-    <Version>4.7.0</Version>
+    <Version>4.8.0</Version>
     <PackageVersion>$(PackageVersion_GodotSharp)</PackageVersion>
     <RepositoryUrl>https://github.com/godotengine/godot/tree/master/modules/mono/glue/GodotSharp/GodotSharp</RepositoryUrl>
     <PackageProjectUrl>$(RepositoryUrl)</PackageProjectUrl>
diff --git a/modules/mono/glue/GodotSharp/GodotSharpEditor/GodotSharpEditor.csproj b/modules/mono/glue/GodotSharp/GodotSharpEditor/GodotSharpEditor.csproj
index 011b74e595..c723531e1d 100644
--- a/modules/mono/glue/GodotSharp/GodotSharpEditor/GodotSharpEditor.csproj
+++ b/modules/mono/glue/GodotSharp/GodotSharpEditor/GodotSharpEditor.csproj
@@ -15,7 +15,7 @@
     <Authors>Godot Engine contributors</Authors>
 
     <PackageId>GodotSharpEditor</PackageId>
-    <Version>4.7.0</Version>
+    <Version>4.8.0</Version>
     <PackageVersion>$(PackageVersion_GodotSharp)</PackageVersion>
     <RepositoryUrl>https://github.com/godotengine/godot/tree/master/modules/mono/glue/GodotSharp/GodotSharpEditor</RepositoryUrl>
     <PackageProjectUrl>$(RepositoryUrl)</PackageProjectUrl>
diff --git a/version.py b/version.py
index 99c2e47ea0..b87f18efd5 100644
--- a/version.py
+++ b/version.py
@@ -1,9 +1,9 @@
 short_name = "godot"
 name = "Godot Engine"
 major = 4
-minor = 7
+minor = 8
 patch = 0
-status = "stable"
+status = "dev"
 module_config = ""
 website = "https://godotengine.org"
-docs = "4.7"
+docs = "latest"