diff --git a/.gitignore b/.gitignore
index d840c21..aaf2040 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1784,3 +1784,4 @@
 /v3.3.1.tar.gz
 /dnsname-18822f9.tar.gz
 /podman-machine-cni-0749884.tar.gz
+/v3.4.0-rc1.tar.gz
diff --git a/podman.spec b/podman.spec
index b9f1e6f..ff625f1 100644
--- a/podman.spec
+++ b/podman.spec
@@ -53,7 +53,7 @@
 %global commit_gvproxy 27590a075d79b4ac0554749f2be31a22a4baa27a
 %global shortcommit_gvproxy %(c=%{commit_gvproxy}; echo ${c:0:7})
 
-%global built_tag v3.3.1
+%global built_tag v3.4.0-rc1
 %global built_tag_strip %(b=%{built_tag}; echo ${b:1})
 
 Name: podman
@@ -62,12 +62,12 @@ Epoch: 3
 %else
 Epoch: 0
 %endif
-Version: 3.3.1
+Version: 3.4.0
 # RELEASE TAG SHOULD ALWAYS BEGIN WITH A NUMBER
 # N.foo if released, 0.N.foo if unreleased
 # Rawhide almost always ships unreleased builds,
 # so release tag should be of the form 0.N.foo
-Release: 2%{?dist}
+Release: 0.1.rc1%{?dist}
 Summary: Manage Pods, Containers and Container Images
 License: ASL 2.0
 URL: https://%{name}.io/
@@ -680,6 +680,9 @@ cp -pav test/system %{buildroot}/%{_datadir}/%{name}/test/
 
 # rhcontainerbot account currently managed by lsm5
 %changelog
+* Thu Sep 16 2021 RH Container Bot <rhcontainerbot@fedoraproject.org> - 3:3.4.0-0.1.rc1
+- autobuilt v3.4.0-rc1
+
 * Tue Aug 31 2021 Lokesh Mandvekar <lsm5@fedoraproject.org> - 3:3.3.1-2
 - bump release to be on par with f35
 
diff --git a/sources b/sources
index c1e1a3b..da8d687 100644
--- a/sources
+++ b/sources
@@ -1,4 +1,4 @@
 SHA512 (dnsname-18822f9.tar.gz) = de371722fbf18cd23b31485ee7ba36bb41d0d9a932d15e50872989c3ca1ff7246da63143c3725d81089fadda3821a54c18b22150d9d16005b07df6824f5f71f8
 SHA512 (gvisor-tap-vsock-27590a0.tar.gz) = c4b9a5070ec2956dc79589846e1d8edb04b0b4bdb5a0d63c5ca6cb437b88d091ae1ca0086fdf8ba87db47e5d343caaf4e9c3c74ecab79af0d50f04a5cb1aec6d
 SHA512 (podman-machine-cni-0749884.tar.gz) = fe5f6a69118c0d3475c76c61bf1b50f1d5772fe9a4d20b23e59010e72f8cbd7fb7d4091ce8ab43af8becf77e5234b63191e3e01932f30f8386235822de2e42f4
-SHA512 (v3.3.1.tar.gz) = 19003f63c17c1c5788f34d0d6426a366035fc76aa2312e6355464d204d6536e5f78652abaf01643d4be7c2ee5224c25717b41760a4be4f6de8031cca9b06efaa
+SHA512 (v3.4.0-rc1.tar.gz) = 4791c16ca974ea0d8e14aa5d74649a1fb34c8aeebed8c1abfcb3237f56b16169ff1013cd4a42e90eab5cce55fb91b9cff1a5c196b9e9425130f01cd51a6de771