diff --git a/Directory.Build.props b/Directory.Build.props
index 496060877..8c5b53685 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -1,11 +1,14 @@
+<?xml version="1.0"?>
 <Project>
   <PropertyGroup>
-    <VersionPrefix>3.0.0</VersionPrefix>
-    <AssemblyCopyright>Copyright (c) 2006-2021 The Contributors of the Python.NET Project</AssemblyCopyright>
+    <AssemblyCopyright>Copyright (c) 2006-2022 The Contributors of the Python.NET Project</AssemblyCopyright>
     <AssemblyCompany>pythonnet</AssemblyCompany>
     <AssemblyProduct>Python.NET</AssemblyProduct>
     <LangVersion>10.0</LangVersion>
     <IsPackable>false</IsPackable>
+    <FullVersion>$([System.IO.File]::ReadAllText("version.txt"))</FullVersion>
+    <VersionPrefix>$(FullVersion.Split('-', 2)[0])</VersionPrefix>
+    <VersionSuffix Condition="$(FullVersion.Contains('-'))">$(FullVersion.Split('-', 2)[1])</VersionSuffix>
   </PropertyGroup>
   <ItemGroup>
     <PackageReference Include="Microsoft.CSharp" Version="4.7.0" />
diff --git a/MANIFEST.in b/MANIFEST.in
index 01f4156ca..4763ae70f 100644
--- a/MANIFEST.in
+++ b/MANIFEST.in
@@ -1,4 +1,5 @@
 recursive-include src/ *
 include Directory.Build.*
 include pythonnet.sln
+include version.txt
 global-exclude **/obj/* **/bin/*
diff --git a/pyproject.toml b/pyproject.toml
index b6df82f71..5ee89d3b7 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,53 @@
 [build-system]
-requires = ["setuptools>=42", "wheel", "pycparser"]
+requires = ["setuptools>=61", "wheel"]
 build-backend = "setuptools.build_meta"
 
+[project]
+name = "pythonnet"
+description = ".NET and Mono integration for Python"
+license = {text = "MIT"}
+
+readme = "README.rst"
+
+dependencies = [
+    "clr_loader>=0.1.7"
+]
+
+classifiers = [
+    "Development Status :: 5 - Production/Stable",
+    "Intended Audience :: Developers",
+    "License :: OSI Approved :: MIT License",
+    "Programming Language :: C#",
+    "Programming Language :: Python :: 3",
+    "Programming Language :: Python :: 3.7",
+    "Programming Language :: Python :: 3.8",
+    "Programming Language :: Python :: 3.9",
+    "Programming Language :: Python :: 3.10",
+    "Operating System :: Microsoft :: Windows",
+    "Operating System :: POSIX :: Linux",
+    "Operating System :: MacOS :: MacOS X",
+]
+
+dynamic = ["version"]
+
+[[project.authors]]
+name = "The Contributors of the Python.NET Project"
+email = "pythonnet@python.org"
+
+[project.urls]
+Homepage = "https://pythonnet.github.io/"
+Sources = "https://github.com/pythonnet/pythonnet"
+
+[tool.setuptools]
+zip-safe = false
+py-modules = ["clr"]
+
+[tool.setuptools.dynamic.version]
+file = "version.txt"
+
+[tool.setuptools.packages.find]
+include = ["pythonnet*"]
+
 [tool.pytest.ini_options]
 xfail_strict = true
 testpaths = [
diff --git a/setup.py b/setup.py
index 84f6f3ad2..7c02b7710 100644
--- a/setup.py
+++ b/setup.py
@@ -1,16 +1,18 @@
 #!/usr/bin/env python
 
-from setuptools import setup, Command, Extension
-from setuptools.command.build_ext import build_ext
 import distutils
-from distutils.command import build
-from subprocess import check_output, check_call
+from distutils.command.build import build as _build
+from setuptools.command.develop import develop as _develop
+from wheel.bdist_wheel import bdist_wheel as _bdist_wheel
+from setuptools import Distribution
+from setuptools import setup, Command
 
-import sys, os
+import os
 
 # Disable SourceLink during the build until it can read repo-format v1, #1613
 os.environ["EnableSourceControlManagerQueries"] = "false"
 
+
 class DotnetLib:
     def __init__(self, name, path, **kwargs):
         self.name = name
@@ -91,13 +93,6 @@ def run(self):
 
 
 # Add build_dotnet to the build tasks:
-from distutils.command.build import build as _build
-from setuptools.command.develop import develop as _develop
-from wheel.bdist_wheel import bdist_wheel as _bdist_wheel
-from setuptools import Distribution
-import setuptools
-
-
 class build(_build):
     sub_commands = _build.sub_commands + [("build_dotnet", None)]
 
@@ -129,10 +124,6 @@ def finalize_options(self):
     "bdist_wheel": bdist_wheel,
 }
 
-
-with open("README.rst", "r") as f:
-    long_description = f.read()
-
 dotnet_libs = [
     DotnetLib(
         "python-runtime",
@@ -143,35 +134,5 @@ def finalize_options(self):
 
 setup(
     cmdclass=cmdclass,
-    name="pythonnet",
-    version="3.0.0.dev1",
-    description=".Net and Mono integration for Python",
-    url="https://pythonnet.github.io/",
-    project_urls={
-        "Source": "https://github.com/pythonnet/pythonnet",
-    },
-    license="MIT",
-    author="The Contributors of the Python.NET Project",
-    author_email="pythonnet@python.org",
-    packages=["pythonnet", "pythonnet.find_libpython"],
-    install_requires=["clr_loader >= 0.1.7"],
-    long_description=long_description,
-    long_description_content_type="text/x-rst",
-    py_modules=["clr"],
     dotnet_libs=dotnet_libs,
-    classifiers=[
-        "Development Status :: 5 - Production/Stable",
-        "Intended Audience :: Developers",
-        "License :: OSI Approved :: MIT License",
-        "Programming Language :: C#",
-        "Programming Language :: Python :: 3",
-        "Programming Language :: Python :: 3.7",
-        "Programming Language :: Python :: 3.8",
-        "Programming Language :: Python :: 3.9",
-        "Programming Language :: Python :: 3.10",
-        "Operating System :: Microsoft :: Windows",
-        "Operating System :: POSIX :: Linux",
-        "Operating System :: MacOS :: MacOS X",
-    ],
-    zip_safe=False,
 )
diff --git a/version.txt b/version.txt
new file mode 100644
index 000000000..e16bcc8be
--- /dev/null
+++ b/version.txt
@@ -0,0 +1 @@
+3.0.0-dev1

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