diff --git a/Cargo.lock b/Cargo.lock
index 2ab8e01e..2994444b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1063,7 +1063,7 @@ checksum = "523dc4f511e55ab87b694dc30d0f820d60906ef06413f93d4d7a1385599cc149"
 
 [[package]]
 name = "memofs"
-version = "0.2.0"
+version = "0.3.0"
 dependencies = [
  "crossbeam-channel",
  "fs-err",
diff --git a/Cargo.toml b/Cargo.toml
index c94a9c0e..a35ccd94 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -42,7 +42,7 @@ name = "build"
 harness = false
 
 [dependencies]
-memofs = { version = "0.2.0", path = "crates/memofs" }
+memofs = { version = "0.3.0", path = "crates/memofs" }
 
 # These dependencies can be uncommented when working on rbx-dom simultaneously
 # rbx_binary = { path = "../rbx-dom/rbx_binary" }
@@ -95,7 +95,7 @@ profiling = "1.0.15"
 winreg = "0.10.1"
 
 [build-dependencies]
-memofs = { version = "0.2.0", path = "crates/memofs" }
+memofs = { version = "0.3.0", path = "crates/memofs" }
 
 embed-resource = "1.8.0"
 anyhow = "1.0.80"
diff --git a/crates/memofs/CHANGELOG.md b/crates/memofs/CHANGELOG.md
index d678f8c9..44c3aa50 100644
--- a/crates/memofs/CHANGELOG.md
+++ b/crates/memofs/CHANGELOG.md
@@ -1,6 +1,8 @@
 # memofs Changelog
 
 ## Unreleased Changes
+
+## 0.3.0 (2024-03-15)
 * Changed `StdBackend` file watching component to use minimal recursive watches. [#830]
 * Added `Vfs::read_to_string` and `Vfs::read_to_string_lf_normalized` [#854]
 
diff --git a/crates/memofs/Cargo.toml b/crates/memofs/Cargo.toml
index 3f32aa8d..57633ae4 100644
--- a/crates/memofs/Cargo.toml
+++ b/crates/memofs/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "memofs"
 description = "Virtual filesystem with configurable backends."
-version = "0.2.0"
+version = "0.3.0"
 authors = ["Lucien Greathouse <me@lpghatguy.com>"]
 edition = "2018"
 readme = "README.md"