diff --git a/changelog.txt b/changelog.txt
index 39261963cdcb7..98900ed96f859 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,5 +1,198 @@
 == Changelog ==
 
+= 10.2.0-rc.1 =
+
+### Features
+
+- Template part block: Add category panel. ([29159](https://github.com/WordPress/gutenberg/pull/29159))
+
+### Enhancements
+
+- Add check for button text before rendering button block. ([29717](https://github.com/WordPress/gutenberg/pull/29717))
+- Skip CSS minification via PHP. ([29624](https://github.com/WordPress/gutenberg/pull/29624))
+- Restore the margins of blocks relying on the figure element. ([29517](https://github.com/WordPress/gutenberg/pull/29517))
+- Add Columns transform from Media & Text. ([29415](https://github.com/WordPress/gutenberg/pull/29415))
+- Fix: Invert gallery gravity. ([29367](https://github.com/WordPress/gutenberg/pull/29367))
+- Components: Try to make the order of fills stable in regular slots. ([29287](https://github.com/WordPress/gutenberg/pull/29287))
+- Add expandOnFocus, showHowTo and validateInput experimental props to FormTokenField. ([29110](https://github.com/WordPress/gutenberg/pull/29110))
+- Hide writing prompt from subsequent empty paragraphs. ([28275](https://github.com/WordPress/gutenberg/pull/28275))
+
+### New APIs
+
+- Plugins: Add scoping functionality to the Plugins API. ([27438](https://github.com/WordPress/gutenberg/pull/27438))
+
+### Bug Fixes
+
+- Add theme styles in the site editor. ([29704](https://github.com/WordPress/gutenberg/pull/29704))
+- Fix broken links to the block editor developer handbook. ([29663](https://github.com/WordPress/gutenberg/pull/29663))
+- Yelp. ([29660](https://github.com/WordPress/gutenberg/pull/29660))
+- Fix social icons vertical spacing issue. ([29657](https://github.com/WordPress/gutenberg/pull/29657))
+- Fix in between inserter edge case. ([29625](https://github.com/WordPress/gutenberg/pull/29625))
+- Fix the button component styles when used with a dashicon. ([29614](https://github.com/WordPress/gutenberg/pull/29614))
+- Revert moving is-typing class. ([29608](https://github.com/WordPress/gutenberg/pull/29608))
+- Fix inline block styles minification issues with calc(). ([29554](https://github.com/WordPress/gutenberg/pull/29554))
+- Fix cover block content position not migrating correctly from deprecated version. ([29542](https://github.com/WordPress/gutenberg/pull/29542))
+- Fix solid-color only cover has small gray border in the editor only. ([29499](https://github.com/WordPress/gutenberg/pull/29499))
+- Table of Contents block: Fix links when in archive loop or when using "Plain" permalink structure. ([29394](https://github.com/WordPress/gutenberg/pull/29394))
+- Packages: Update the publishing command for npm with next dist tag. ([29379](https://github.com/WordPress/gutenberg/pull/29379))
+- Ignore build folders when native unit tests. ([29371](https://github.com/WordPress/gutenberg/pull/29371))
+- Fix mobile issue template label. ([29344](https://github.com/WordPress/gutenberg/pull/29344))
+- Interface: Fix React warnings triggered in ActionItem component. ([29340](https://github.com/WordPress/gutenberg/pull/29340))
+- Social Links: Replace CSS variables with block context approach. ([29330](https://github.com/WordPress/gutenberg/pull/29330))
+- Table of contents: Fix class attribute. ([29317](https://github.com/WordPress/gutenberg/pull/29317))
+- Search block: Add missing space to provide valid HTML. ([29314](https://github.com/WordPress/gutenberg/pull/29314))
+- Blocks: Ensure that metadata registered on the server for core block is preserved on the client (try 2). ([29302](https://github.com/WordPress/gutenberg/pull/29302))
+- Fix reusable block crash when converting a just created reusable block to blocks. ([29292](https://github.com/WordPress/gutenberg/pull/29292))
+- Fix off-center appender in some themes. ([29290](https://github.com/WordPress/gutenberg/pull/29290))
+- Fix legacy button center alignments inside the buttons block. ([29281](https://github.com/WordPress/gutenberg/pull/29281))
+- Add enableCustomSpacing to block editor settings. ([29277](https://github.com/WordPress/gutenberg/pull/29277))
+- Buttons: Fix links inside links. ([29273](https://github.com/WordPress/gutenberg/pull/29273))
+- Fix editor crash when converting block with visible styles to reusable (after a save and page reload). ([29059](https://github.com/WordPress/gutenberg/pull/29059))
+- Border Radius Support: Fix application of zero radius values. ([28998](https://github.com/WordPress/gutenberg/pull/28998))
+- Fix Document Outline mouse click. ([28589](https://github.com/WordPress/gutenberg/pull/28589))
+
+### Performance
+
+- Revert "Block edit: Avoid memoized block context in favour of useSelect". ([29621](https://github.com/WordPress/gutenberg/pull/29621))
+
+### Experiments
+
+- Global Styles: Do not add padding sub-properties if there's no values in theme.json. ([29712](https://github.com/WordPress/gutenberg/pull/29712))
+- Site Title: Add text decoration and text transform controls. ([29622](https://github.com/WordPress/gutenberg/pull/29622))
+- Make border work on the site editor. ([29618](https://github.com/WordPress/gutenberg/pull/29618))
+- i18n: Fix the template area unassigned type string. ([29617](https://github.com/WordPress/gutenberg/pull/29617))
+- Group Block: Add support for custom border settings. ([29591](https://github.com/WordPress/gutenberg/pull/29591))
+- Prevent clicking on tag and category links in the site editor. ([29583](https://github.com/WordPress/gutenberg/pull/29583))
+- Custom Link Color: Do not apply to buttons. ([29557](https://github.com/WordPress/gutenberg/pull/29557))
+- Navigation block: Allow very thin menus. ([29555](https://github.com/WordPress/gutenberg/pull/29555))
+- Fix specificity issue between theme and user styles. ([29533](https://github.com/WordPress/gutenberg/pull/29533))
+- Update template descriptions for clarity and humanity. ([29531](https://github.com/WordPress/gutenberg/pull/29531))
+- Print nothing in the front end if there are no results in Query block. ([29521](https://github.com/WordPress/gutenberg/pull/29521))
+- Pass block settings to the client for all blocks. ([29474](https://github.com/WordPress/gutenberg/pull/29474))
+- Refactor and simplify navigation block CSS. ([29465](https://github.com/WordPress/gutenberg/pull/29465))
+- [Query block] Remove exclusion of current page id. ([29432](https://github.com/WordPress/gutenberg/pull/29432))
+- Handle missing categories/tags in Query block. ([29424](https://github.com/WordPress/gutenberg/pull/29424))
+- Update title, description, and icon of Post Categories. ([29400](https://github.com/WordPress/gutenberg/pull/29400))
+- Button block: Add color support via block.json. ([29382](https://github.com/WordPress/gutenberg/pull/29382))
+- Global Styles: Fix specificity conflict of blocks with single classes as selectors. ([29378](https://github.com/WordPress/gutenberg/pull/29378))
+- Add/new nav link icon. ([29369](https://github.com/WordPress/gutenberg/pull/29369))
+- Make navigation placeholder state visible in dark themes. ([29366](https://github.com/WordPress/gutenberg/pull/29366))
+- Temporary hack to render blocks in customizer. ([29365](https://github.com/WordPress/gutenberg/pull/29365))
+- Show Site Logo's block toolbar when selected, after the editor loads. ([29336](https://github.com/WordPress/gutenberg/pull/29336))
+- Remove delete toolbar option from Site Logo. ([29331](https://github.com/WordPress/gutenberg/pull/29331))
+- Fix shortcode not showing in the widgets screen. ([29282](https://github.com/WordPress/gutenberg/pull/29282))
+- Implement skip serialization for color key in style att. ([29253](https://github.com/WordPress/gutenberg/pull/29253))
+- Update navigation editor menu selection dropdown. ([29202](https://github.com/WordPress/gutenberg/pull/29202))
+- Make Spacer block width adjustable and add it to Navigation block. ([29133](https://github.com/WordPress/gutenberg/pull/29133))
+- Navigation: Try adding navigation link variants via server. ([29095](https://github.com/WordPress/gutenberg/pull/29095))
+- Navigation Editor: Allow menu renaming. ([29012](https://github.com/WordPress/gutenberg/pull/29012))
+- Fix: More resilient appender CSS. ([28908](https://github.com/WordPress/gutenberg/pull/28908))
+- Query block setup with block patterns integration. ([28891](https://github.com/WordPress/gutenberg/pull/28891))
+- Template Part: Prevent infinite recursion. ([28456](https://github.com/WordPress/gutenberg/pull/28456))
+
+### Documentation
+
+- Add block variations page to Block API summary. ([29725](https://github.com/WordPress/gutenberg/pull/29725))
+- Update Readme of Animate Component to remove todo comment. ([29702](https://github.com/WordPress/gutenberg/pull/29702))
+- Docs; Organize contributors section using READMEs. ([29688](https://github.com/WordPress/gutenberg/pull/29688))
+- Remove mid-paragraph newlines. ([29674](https://github.com/WordPress/gutenberg/pull/29674))
+- Update Versions in WordPress to include release notes. ([29532](https://github.com/WordPress/gutenberg/pull/29532))
+- Extract block variations API into its own handbook page. ([29515](https://github.com/WordPress/gutenberg/pull/29515))
+- Docs: Fix deprecation message to be clear. ([29451](https://github.com/WordPress/gutenberg/pull/29451))
+- Fix typo in block-based-themes.md. ([29410](https://github.com/WordPress/gutenberg/pull/29410))
+- Fix typo in modularity. ([29405](https://github.com/WordPress/gutenberg/pull/29405))
+- Fix typos in git workflow documentation. ([29324](https://github.com/WordPress/gutenberg/pull/29324))
+- Docs: Table of contents - fix typos. ([29319](https://github.com/WordPress/gutenberg/pull/29319))
+- Add NVDA instructions to the accessibility testing documentation. ([29312](https://github.com/WordPress/gutenberg/pull/29312))
+- Component Systems: Update references to external module. ([29233](https://github.com/WordPress/gutenberg/pull/29233))
+- Docs: Add info about npm release types and their schedule. ([29028](https://github.com/WordPress/gutenberg/pull/29028))
+- Docs: Update slug for block-based theme tutorial. ([25839](https://github.com/WordPress/gutenberg/pull/25839))
+
+### Code Quality
+
+- Rename load_separate_block_styles to load_separate_block_assets. ([29703](https://github.com/WordPress/gutenberg/pull/29703))
+- Update the minimum WordPress version required by the gutenberg plugin too 5.6. ([29701](https://github.com/WordPress/gutenberg/pull/29701))
+- Components: Ensure that SlotFill does not use portals in React Native. ([29631](https://github.com/WordPress/gutenberg/pull/29631))
+- Remove the subheading block. ([29627](https://github.com/WordPress/gutenberg/pull/29627))
+- useFocusFirstElement: Include useRef. ([29435](https://github.com/WordPress/gutenberg/pull/29435))
+- Include PHP: Replace `dirname( __FILE__ )` with `__DIR__`. ([29404](https://github.com/WordPress/gutenberg/pull/29404))
+- Run phpcbf to fix PHP CS issues. ([29368](https://github.com/WordPress/gutenberg/pull/29368))
+- Register style attribute when any color property is supported. ([29349](https://github.com/WordPress/gutenberg/pull/29349))
+- Block edit: Avoid memoized block context in favour of useSelect. ([29333](https://github.com/WordPress/gutenberg/pull/29333))
+- Remove unused onFocus block context. ([29318](https://github.com/WordPress/gutenberg/pull/29318))
+- Remove obsolete block context. ([29313](https://github.com/WordPress/gutenberg/pull/29313))
+- Reduce memoized block context: Class names. ([29186](https://github.com/WordPress/gutenberg/pull/29186))
+
+### Tools
+
+- Temporary skip flaky test. ([29601](https://github.com/WordPress/gutenberg/pull/29601))
+- Scripts: Fork jest-environment-puppeteer to use puppeteer-core directly. ([29418](https://github.com/WordPress/gutenberg/pull/29418))
+- Blocks: Preprocess validation log with util.format instead of sprintf. ([29334](https://github.com/WordPress/gutenberg/pull/29334))
+- Add stale issues bot to help triage efforts. ([29321](https://github.com/WordPress/gutenberg/pull/29321))
+- Do not automatically close message, update stale message. ([29310](https://github.com/WordPress/gutenberg/pull/29310))
+- Paragraph block: Add test to ensure unwrapped editable paragraph. ([29299](https://github.com/WordPress/gutenberg/pull/29299))
+- Testing: Use snapshot-diff serializer to remove noise in snapshots. ([29270](https://github.com/WordPress/gutenberg/pull/29270))
+- Inserter: Add end-to-end test to make sure last inserted block is being focused. ([29187](https://github.com/WordPress/gutenberg/pull/29187))
+- Docs: Update release.md. ([29091](https://github.com/WordPress/gutenberg/pull/29091))
+- Docs/Tools/CI: Update references from `master` to `trunk`. ([28433](https://github.com/WordPress/gutenberg/pull/28433))
+- Scripts: Add TypeScript support to linting command. ([27143](https://github.com/WordPress/gutenberg/pull/27143))
+
+### Various
+
+- Add Table of Contents block (dynamic rendering + hooks version). ([21234](https://github.com/WordPress/gutenberg/pull/21234))
+- Deregister TOC block until issues are resolved. ([29718](https://github.com/WordPress/gutenberg/pull/29718))
+- api-fetch: Add incremental type checking. ([29685](https://github.com/WordPress/gutenberg/pull/29685))
+- docgen: Incrementally add types. ([29684](https://github.com/WordPress/gutenberg/pull/29684))
+- Dom: Add type-checking to data-transfer. ([29682](https://github.com/WordPress/gutenberg/pull/29682))
+- Template part 'area' term - reword confusing 'type' terminology. ([29679](https://github.com/WordPress/gutenberg/pull/29679))
+- Button Block: Removes "Link settings" panel. ([29664](https://github.com/WordPress/gutenberg/pull/29664))
+- Multi entity save panel - remove dynamic copy. ([29637](https://github.com/WordPress/gutenberg/pull/29637))
+- Components: Add types to Shortcut. ([29633](https://github.com/WordPress/gutenberg/pull/29633))
+- Add i18n support for template part variations' descriptions. ([29612](https://github.com/WordPress/gutenberg/pull/29612))
+- Add regression test for editor JS crash caused by rtlcss parsing exception, take 2. ([29598](https://github.com/WordPress/gutenberg/pull/29598))
+- Reset all WP Admin styles in the wrapper of the editor styles. ([29590](https://github.com/WordPress/gutenberg/pull/29590))
+- Revert "[Mobile] - Fix splitting/merging of Paragraph and Heading". ([29587](https://github.com/WordPress/gutenberg/pull/29587))
+- Try updating the minimum required WordPress version for the plugin. ([29579](https://github.com/WordPress/gutenberg/pull/29579))
+- Documents how the widgets editor works. ([29572](https://github.com/WordPress/gutenberg/pull/29572))
+- Drop zone: Fix media lib duplicate issue. ([29567](https://github.com/WordPress/gutenberg/pull/29567))
+- Update the category icons. ([29553](https://github.com/WordPress/gutenberg/pull/29553))
+- Try: Remove important on disabled switcher state. ([29552](https://github.com/WordPress/gutenberg/pull/29552))
+- Remove base control negative help text margin. ([29550](https://github.com/WordPress/gutenberg/pull/29550))
+- Navigation: Re-enable navigation block end-to-end tests. ([29543](https://github.com/WordPress/gutenberg/pull/29543))
+- Accessibility improvement on #29530 issue. ([29534](https://github.com/WordPress/gutenberg/pull/29534))
+- Components: Add TooltipButton. ([29523](https://github.com/WordPress/gutenberg/pull/29523))
+- Pin SHA values as version numbers for 3rd party GHAs. ([29485](https://github.com/WordPress/gutenberg/pull/29485))
+- Update the visual design of the Sidebar Menu. ([29476](https://github.com/WordPress/gutenberg/pull/29476))
+- Components: Update Elevation story. ([29454](https://github.com/WordPress/gutenberg/pull/29454))
+- Focus on block selection: Skip inner blocks. ([29434](https://github.com/WordPress/gutenberg/pull/29434))
+- Components: Add Divider. ([29433](https://github.com/WordPress/gutenberg/pull/29433))
+- Components: Add Tooltip and Shortcut. ([29385](https://github.com/WordPress/gutenberg/pull/29385))
+- Use correct classname for nested Navigation Link container. ([29380](https://github.com/WordPress/gutenberg/pull/29380))
+- Integrate AztecEditor-iOS 1.19.4. ([29355](https://github.com/WordPress/gutenberg/pull/29355))
+- Components: Add Card. ([29350](https://github.com/WordPress/gutenberg/pull/29350))
+- Components: Do not use ViewOwnProps for Portal. ([29345](https://github.com/WordPress/gutenberg/pull/29345))
+- Component System: Add basic tests for style system. ([29320](https://github.com/WordPress/gutenberg/pull/29320))
+- Block context: Separate native context. ([29315](https://github.com/WordPress/gutenberg/pull/29315))
+- Focus input when InputControl spinner arrows are pressed. ([29305](https://github.com/WordPress/gutenberg/pull/29305))
+- Component System: Add tests for color utils. ([29301](https://github.com/WordPress/gutenberg/pull/29301))
+- Template Part: Update switching trigger. ([29257](https://github.com/WordPress/gutenberg/pull/29257))
+- WP Block Styles: Only load in the editor if a theme opts in. ([29252](https://github.com/WordPress/gutenberg/pull/29252))
+- Components: Add next Button, ButtonGroup. ([29230](https://github.com/WordPress/gutenberg/pull/29230))
+- Add new overlay text icon, and use for image. ([29215](https://github.com/WordPress/gutenberg/pull/29215))
+- docgen: Add TypeScript support. ([29189](https://github.com/WordPress/gutenberg/pull/29189))
+- Template part block: Add variations based on areas. ([29122](https://github.com/WordPress/gutenberg/pull/29122))
+- Components: Add Popover. ([29084](https://github.com/WordPress/gutenberg/pull/29084))
+- Add Missing URL state to Navigation Link Block. ([28861](https://github.com/WordPress/gutenberg/pull/28861))
+- Improve dropcap behavior. ([28685](https://github.com/WordPress/gutenberg/pull/28685))
+- Improve the block editor handbook table of content. ([28665](https://github.com/WordPress/gutenberg/pull/28665))
+- Site Editor: Persistent List View. ([28637](https://github.com/WordPress/gutenberg/pull/28637))
+- RN: Add Bottom Sheet Select Control component. ([28543](https://github.com/WordPress/gutenberg/pull/28543))
+- Site Editor: Browsing sidebar templates menu restructure. ([28291](https://github.com/WordPress/gutenberg/pull/28291))
+- RichText: Bypass paste filters for internal paste. ([27967](https://github.com/WordPress/gutenberg/pull/27967))
+- Block Directory: Update search results list UI. ([25521](https://github.com/WordPress/gutenberg/pull/25521))
+
+
+
 = 10.1.1 =
 
 ### Bug Fixes
diff --git a/gutenberg.php b/gutenberg.php
index 582436242e9dc..a1c216f7c78c3 100644
--- a/gutenberg.php
+++ b/gutenberg.php
@@ -5,7 +5,7 @@
  * Description: Printing since 1440. This is the development plugin for the new block editor in core.
  * Requires at least: 5.3
  * Requires PHP: 5.6
- * Version: 10.1.1
+ * Version: 10.2.0-rc.1
  * Author: Gutenberg Team
  * Text Domain: gutenberg
  *
diff --git a/package-lock.json b/package-lock.json
index 861faf2969169..a5ce85b9b1df3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "10.1.1",
+	"version": "10.2.0-rc.1",
 	"lockfileVersion": 1,
 	"requires": true,
 	"dependencies": {
diff --git a/package.json b/package.json
index accb566595404..60a94ce08904a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "10.1.1",
+	"version": "10.2.0-rc.1",
 	"private": true,
 	"description": "A new WordPress editor experience.",
 	"author": "The WordPress Contributors",
diff --git a/readme.txt b/readme.txt
index 8bb5eb5cff88f..c8b58929f235b 100644
--- a/readme.txt
+++ b/readme.txt
@@ -57,4 +57,4 @@ View <a href="https://developer.wordpress.org/block-editor/principles/versions-i
 
 == Changelog ==
 
-To read the changelog for Gutenberg 10.1.1, please navigate to the <a href="https://github.com/WordPress/gutenberg/releases/tag/v10.1.1">release page</a>.
+To read the changelog for Gutenberg 10.2.0-rc.1, please navigate to the <a href="https://github.com/WordPress/gutenberg/releases/tag/v10.2.0-rc.1">release page</a>.