diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7be8d400..5c7a3c36 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,8 @@ Changelog for NeoFS Contract
 - Dumps of the NeoFS MainNet and TestNet contracts (#324)
 
 ### Changed
+- Current `common.Version` to v0.17.0 (#324)
+
 ### Updated
 - `neo-go` to `v0.101.0`
 - `neo-go/pkg/interop` to `v0.0.0-20230208100456-1d6e48ee78e5`
diff --git a/VERSION b/VERSION
index 00ddfef1..6b60281a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.16.1
+v0.17.0
diff --git a/common/version.go b/common/version.go
index 8588c16f..3ee9c763 100644
--- a/common/version.go
+++ b/common/version.go
@@ -4,8 +4,8 @@ import "github.com/nspcc-dev/neo-go/pkg/interop/native/std"
 
 const (
 	major = 0
-	minor = 16
-	patch = 1
+	minor = 17
+	patch = 0
 
 	// Versions from which an update should be performed.
 	// These should be used in a group (so prevMinor can be equal to minor if there are