diff --git a/pynecone/utils/prerequisites.py b/pynecone/utils/prerequisites.py
index 3f664af94..1122a613c 100644
--- a/pynecone/utils/prerequisites.py
+++ b/pynecone/utils/prerequisites.py
@@ -207,10 +207,8 @@ def initialize_web_directory():
     path_ops.cp(constants.WEB_TEMPLATE_DIR, constants.WEB_DIR)
 
     # Write the current version of distributed pynecone package to a PCVERSION_APP_FILE."""
-    with open(constants.PCVERSION_APP_FILE) as f:  # type: ignore
-        pynecone_json = json.load(f)
-        pynecone_json["version"] = constants.VERSION
     with open(constants.PCVERSION_APP_FILE, "w") as f:
+        pynecone_json = {"version": constants.VERSION}
         json.dump(pynecone_json, f, ensure_ascii=False)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index 7bf1aa7f2..db14b5171 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "pynecone"
-version = "0.1.26"
+version = "0.1.27"
 description = "Web apps in pure Python."
 license = "Apache-2.0"
 authors = [