diff --git a/Example/ios/Podfile.lock b/Example/ios/Podfile.lock
index 086ee999df53..80e4ab717958 100644
--- a/Example/ios/Podfile.lock
+++ b/Example/ios/Podfile.lock
@@ -283,7 +283,7 @@ PODS:
     - React
   - RNGestureHandler (1.10.1):
     - React-Core
-  - RNReanimated (2.2.0):
+  - RNReanimated (2.3.0-alpha.1):
     - DoubleConversion
     - FBLazyVector
     - FBReactNativeSpec
@@ -435,7 +435,7 @@ SPEC CHECKSUMS:
   boost-for-react-native: 39c7adb57c4e60d6c5479dd8623128eb5b3f0f2c
   DoubleConversion: cf9b38bf0b2d048436d9a82ad2abe1404f11e7de
   FBLazyVector: 49cbe4b43e445b06bf29199b6ad2057649e4c8f5
-  FBReactNativeSpec: a231a5702f05925855ad8d6449930e1a024bf38b
+  FBReactNativeSpec: 6d46d7c05350e10b3e711c32af90bb188b792a56
   glog: 73c2498ac6884b13ede40eda8228cb1eee9d9d62
   RCT-Folly: ec7a233ccc97cc556cf7237f0db1ff65b986f27c
   RCTRequired: 2f8cb5b7533219bf4218a045f92768129cf7050a
@@ -463,7 +463,7 @@ SPEC CHECKSUMS:
   ReactCommon: cfe2b7fd20e0dbd2d1185cd7d8f99633fbc5ff05
   RNCMaskedView: 5a8ec07677aa885546a0d98da336457e2bea557f
   RNGestureHandler: 5e58135436aacc1c5d29b75547d3d2b9430d052c
-  RNReanimated: 9c13c86454bfd54dab7505c1a054470bfecd2563
+  RNReanimated: 833ebd229b31e18a8933ebd0cd744a0f47d88c42
   RNScreens: b6c9607e6fe47c1b6e2f1910d2acd46dd7ecea3a
   RNSVG: ce9d996113475209013317e48b05c21ee988d42e
   Yoga: 8c8436d4171c87504c648ae23b1d81242bdf3bbf
diff --git a/package.json b/package.json
index 9005cd75310a..db56fc0d69ee 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-reanimated",
-  "version": "2.2.0",
+  "version": "2.3.0-alpha.1",
   "description": "More powerful alternative to Animated library for React Native.",
   "scripts": {
     "start": "node node_modules/react-native/local-cli/cli.js start",