diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7174d96d51..ab17265f9b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,8 @@ 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).
 
+<!-- next-header -->
+
 ## [Unreleased]
 
 ### Added
@@ -800,6 +802,8 @@ and this project adheres to
 The CHANGELOG for versions before 1.0.0 was moved to
 [CHANGELOG-pre1.0.0.md](./CHANGELOG-pre1.0.0.md).
 
+<!-- next-url -->
+
 [unreleased]: https://github.com/CosmWasm/cosmwasm/compare/v2.0.1...HEAD
 [2.0.1]: https://github.com/CosmWasm/cosmwasm/compare/v2.0.0...v2.0.1
 [2.0.0]: https://github.com/CosmWasm/cosmwasm/compare/v1.5.0...v2.0.0
diff --git a/Cargo.toml b/Cargo.toml
index cf914fea53..ef908d1916 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -12,3 +12,8 @@ version = "2.0.1"
 [workspace.dependencies]
 schemars = "0.8.4"
 serde = { version = "1.0.192", default-features = false, features = ["derive", "alloc"] }
+
+[workspace.metadata.release]
+shared-version = true
+tag-message = "chore: Release cosmwasm v{{version}}"
+tag-name = "v{{version}}"
diff --git a/devtools/release_checks.sh b/devtools/release_checks.sh
new file mode 100755
index 0000000000..3a53e932f8
--- /dev/null
+++ b/devtools/release_checks.sh
@@ -0,0 +1,11 @@
+#!/usr/bin/env bash
+
+# Move to the workspace root
+WORKSPACE_PATH=$(dirname $(cargo locate-project --workspace --message-format=plain))
+cd $WORKSPACE_PATH
+
+cargo build
+
+for contract_dir in contracts/*/; do
+  (cd "$contract_dir" && cargo build)
+done
diff --git a/devtools/set_version.sh b/devtools/set_version.sh
deleted file mode 100755
index 5dd6bc9034..0000000000
--- a/devtools/set_version.sh
+++ /dev/null
@@ -1,61 +0,0 @@
-#!/bin/bash
-set -o errexit -o nounset -o pipefail
-command -v shellcheck >/dev/null && shellcheck "$0"
-
-gnused="$(command -v gsed || echo sed)"
-
-function print_usage() {
-  echo "Usage: $0 NEW_VERSION"
-  echo ""
-  echo "e.g. $0 0.8.0"
-}
-
-if [ "$#" -ne 1 ]; then
-  print_usage
-  exit 1
-fi
-
-# Check repo
-SCRIPT_DIR="$(realpath "$(dirname "$0")")"
-if [[ "$(realpath "$SCRIPT_DIR/..")" != "$(pwd)" ]]; then
-  echo "Script must be called from the repo root"
-  exit 2
-fi
-
-# Ensure repo is not dirty
-CHANGES_IN_REPO=$(git status --porcelain)
-if [[ -n "$CHANGES_IN_REPO" ]]; then
-  echo "Repository is dirty. Showing 'git status' and 'git --no-pager diff' for debugging now:"
-  git status && git --no-pager diff
-  exit 3
-fi
-
-NEW="$1"
-OLD=$("$gnused" -n -e 's/^version[[:space:]]*=[[:space:]]*"\(.*\)"/\1/p' packages/std/Cargo.toml)
-echo "Updating old version $OLD to new version $NEW ..."
-
-FILES_MODIFIED=()
-
-for package_dir in packages/*/; do
-  CARGO_TOML="$package_dir/Cargo.toml"
-  # The `version = "1.0.0"` cases
-  "$gnused" -i -e "s/version[[:space:]]*=[[:space:]]*\"$OLD\"/version = \"$NEW\"/" "$CARGO_TOML"
-  # The `version = "=1.0.0"` cases
-  "$gnused" -i -e "s/version[[:space:]]*=[[:space:]]*\"=$OLD\"/version = \"=$NEW\"/" "$CARGO_TOML"
-  FILES_MODIFIED+=("$CARGO_TOML")
-done
-
-cargo build
-FILES_MODIFIED+=("Cargo.lock")
-
-for contract_dir in contracts/*/; do
-  CARGO_LOCK="$contract_dir/Cargo.lock"
-
-  (cd "$contract_dir" && cargo build)
-
-  FILES_MODIFIED+=("$CARGO_LOCK")
-done
-
-echo "Staging ${FILES_MODIFIED[*]} ..."
-git add "${FILES_MODIFIED[@]}"
-git commit -m "Set version: $NEW"
diff --git a/packages/core/Cargo.toml b/packages/core/Cargo.toml
index 24ffa69595..2de1ec3e3f 100644
--- a/packages/core/Cargo.toml
+++ b/packages/core/Cargo.toml
@@ -7,6 +7,7 @@ repository = "https://github.com/CosmWasm/cosmwasm/tree/main/packages/core"
 license = "Apache-2.0"
 readme = "README.md"
 
-# See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
+[package.metadata.release]
+release = false
 
 [dependencies]
diff --git a/packages/go-gen/Cargo.toml b/packages/go-gen/Cargo.toml
index 6cc9bf3e6f..a4c82ad8d1 100644
--- a/packages/go-gen/Cargo.toml
+++ b/packages/go-gen/Cargo.toml
@@ -5,8 +5,6 @@ version = "0.1.0"
 edition = "2021"
 publish = false
 
-# See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
-
 [dependencies]
 cosmwasm-std = { version = "2.0.1", path = "../std", features = ["cosmwasm_2_0", "staking", "stargate"] }
 cosmwasm-schema = { version = "2.0.1", path = "../schema" }
diff --git a/packages/vm/Cargo.toml b/packages/vm/Cargo.toml
index 3a24b5b49c..647b8ae2f3 100644
--- a/packages/vm/Cargo.toml
+++ b/packages/vm/Cargo.toml
@@ -7,6 +7,18 @@ description = "VM bindings to run cosmwams contracts"
 repository = "https://github.com/CosmWasm/cosmwasm/tree/main/packages/vm"
 license = "Apache-2.0"
 
+[package.metadata.release]
+pre-release-hook = [
+    "../../devtools/release_checks.sh"
+]
+pre-release-replacements = [
+    { file="../../CHANGELOG.md", search="## \\[Unreleased\\]", replace="## [{{version}}] - {{date}}", exactly=1 },
+    { file="../../CHANGELOG.md", search="(U|u)nreleased", replace="{{version}}" },
+    { file="../../CHANGELOG.md", search="<!-- next-header -->", replace="<!-- next-header -->\n\n## [Unreleased]", exactly=1 },
+    { file="../../CHANGELOG.md", search="\\.\\.\\.HEAD", replace="...{{tag_name}}", exactly=1 },
+    { file="../../CHANGELOG.md", search="<!-- next-url -->\n", replace="<!-- next-url -->\n\n[unreleased]: https://github.com/CosmWasm/cosmwasm/compare/{{tag_name}}...HEAD", exactly=1 },
+]
+
 [features]
 default = ["staking", "iterator"]
 # iterator allows us to iterate over all DB items in a given range