diff --git a/LICENSE b/LICENSE
new file mode 100644
index 0000000..2eeb746
--- /dev/null
+++ b/LICENSE
@@ -0,0 +1,21 @@
+The MIT License
+
+Copyright (C) 2024-present the picows authors and contributors.
+
+Permission is hereby granted, free of charge, to any person obtaining a copy
+of this software and associated documentation files (the "Software"), to deal
+in the Software without restriction, including without limitation the rights
+to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
+copies of the Software, and to permit persons to whom the Software is
+furnished to do so, subject to the following conditions:
+
+The above copyright notice and this permission notice shall be included in
+all copies or substantial portions of the Software.
+
+THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
+IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
+OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
+THE SOFTWARE.
diff --git a/picows/__init__.py b/picows/__init__.py
index 977913a..704b5a8 100644
--- a/picows/__init__.py
+++ b/picows/__init__.py
@@ -21,5 +21,5 @@
     'PICOWS_DEBUG_LL'
 ]
 
-__version__ = "0.3.1"
+__version__ = "0.4.0"
 __author__ = "Taras Kozlov"
diff --git a/pyproject.toml b/pyproject.toml
index 2109f0c..47dd6af 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,6 +4,7 @@ description = "Fast websocket client and server for asyncio"
 authors = [{name = "Taras Kozlov", email = "tarasko.projects@gmail.com"}]
 requires-python = '>=3.8'
 readme = "README.rst"
+license = {text = "MIT License"}
 dynamic = ["version"]
 keywords = ["websocket", "networking"]
 dependencies = []
@@ -11,7 +12,6 @@ classifiers = [
     "Development Status :: 4 - Beta",
     "Framework :: AsyncIO",
     "Intended Audience :: Developers",
-    "License :: OSI Approved :: Apache Software License",
     "License :: OSI Approved :: MIT License",
     "Operating System :: POSIX",
     "Operating System :: MacOS :: MacOS X",