diff --git a/pyproject.toml b/pyproject.toml
index 7d3e560636..2e536aab15 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "redis"
-version = "5.1.0b7"
+dynamic = ["version"]
 description = "Python client for Redis database and key-value store"
 readme = "README.md"
 license = "MIT"
@@ -55,6 +55,9 @@ Documentation = "https://redis.readthedocs.io/en/latest/"
 Homepage = "https://github.com/redis/redis-py"
 "Issue tracker" = "https://github.com/redis/redis-py/issues"
 
+[tool.hatch.version]
+path = "redis/__init__.py"
+
 [tool.hatch.build.targets.sdist]
 include = [
     "/redis",
diff --git a/redis/__init__.py b/redis/__init__.py
index 94324a0de8..a713c4c24d 100644
--- a/redis/__init__.py
+++ b/redis/__init__.py
@@ -1,5 +1,3 @@
-from importlib import metadata
-
 from redis import asyncio  # noqa
 from redis.backoff import default_backoff
 from redis.client import Redis, StrictRedis
@@ -44,16 +42,9 @@ def int_or_str(value):
         return value
 
 
-try:
-    __version__ = metadata.version("redis")
-except metadata.PackageNotFoundError:
-    __version__ = "99.99.99"
-
+__version__ = "5.1.0b7"
+VERSION = tuple(map(int_or_str, __version__.split(".")))
 
-try:
-    VERSION = tuple(map(int_or_str, __version__.split(".")))
-except AttributeError:
-    VERSION = tuple([99, 99, 99])
 
 __all__ = [
     "AuthenticationError",