diff --git a/CHANGELOG.md b/CHANGELOG.md
index d34eb53901d..90288f9756d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,15 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [18.0.0]
+### Added
+- **BREAKING**: ERC1155 support ([#615](https://github.com/MetaMask/controllers/pull/615))
+  -  `CollectiblesController` requires `getOwnerOf`, `balanceOfERC1155Collectible` and `uriERC1155Collectible` properties in the constructor which are methods from `AssetsContractController`.
+- Add support for custom networks by querying the blockchain as default and add support for IPFS metadata URIs ([#616](https://github.com/MetaMask/controllers/pull/616))
+
+### Changed
+- Bump @metamask/contract-metadata from 1.29.0 to 1.30.0 ([#607](https://github.com/MetaMask/controllers/pull/607))
+
 ## [17.0.0]
 ### Added
 - Add client id header to GasFeeController ([#597](https://github.com/MetaMask/controllers/pull/597))
@@ -393,7 +402,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Removed
 - Remove shapeshift controller (#209)
 
-[Unreleased]: https://github.com/MetaMask/controllers/compare/v17.0.0...HEAD
+[Unreleased]: https://github.com/MetaMask/controllers/compare/v18.0.0...HEAD
+[18.0.0]: https://github.com/MetaMask/controllers/compare/v17.0.0...v18.0.0
 [17.0.0]: https://github.com/MetaMask/controllers/compare/v16.0.0...v17.0.0
 [16.0.0]: https://github.com/MetaMask/controllers/compare/v15.1.0...v16.0.0
 [15.1.0]: https://github.com/MetaMask/controllers/compare/v15.0.2...v15.1.0
diff --git a/package.json b/package.json
index 4788eb521b5..4f501a195e7 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/controllers",
-  "version": "17.0.0",
+  "version": "18.0.0",
   "description": "Collection of platform-agnostic modules for creating secure data models for cryptocurrency wallets",
   "keywords": [
     "MetaMask",