diff --git a/.distignore b/.distignore
new file mode 100644
index 0000000..e302df1
--- /dev/null
+++ b/.distignore
@@ -0,0 +1,22 @@
+# Directories to ignore
+/.git
+/.github
+/.wordpress-org
+/node_modules
+/src
+/tests
+
+# Files to ignore
+/.*
+/CHANGELOG.md
+/CODE_OF_CONDUCT.md
+/composer.json
+/composer.lock
+/CONTRIBUTING.md
+/CREDITS.md
+/LICENSE.md
+/package-lock.json
+/package.json
+/phpcs-compat.xml
+/phpcs.xml
+/README.md
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 353d74f..72d7fcf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,12 @@ All notable changes to this project will be documented in this file, per [the Ke
 
 ## [Unreleased] - TBD
 
+## [0.3.1] - 2024-09-05
+**Initial plugin release on WordPress.org 🎉**
+
+### Developer
+- Add banner image to the `README.md` file (props [@jeffpaul](https://github.com/jeffpaul), [@dkotter](https://github.com/dkotter) via [#34](https://github.com/10up/embed-block-figma/pull/34)).
+
 ## [0.3.0] - 2024-08-29
 ### Added
 - WordPress.org Playground preview (props [@thrijith](https://github.com/thrijith), [@dkotter](https://github.com/dkotter), [@jeffpaul](https://github.com/jeffpaul) via [#29](https://github.com/10up/embed-block-figma/pull/29)).
@@ -29,6 +35,7 @@ All notable changes to this project will be documented in this file, per [the Ke
 - Initial private plugin release.
 
 [Unreleased]: https://github.com/10up/embed-block-figma/compare/trunk...develop
+[0.3.1]: https://github.com/10up/embed-block-figma/compare/0.3.0...0.3.1
 [0.3.0]: https://github.com/10up/embed-block-figma/compare/0.2.0...0.3.0
 [0.2.0]: https://github.com/10up/embed-block-figma/compare/0.1.0...0.2.0
 [0.1.0]: https://github.com/10up/embed-block-figma/tree/v0.1.0
diff --git a/embed-block-figma.php b/embed-block-figma.php
index b73a3bd..1752a73 100644
--- a/embed-block-figma.php
+++ b/embed-block-figma.php
@@ -3,7 +3,7 @@
  * Plugin Name:       Embed Block for Figma
  * Plugin URI:        https://github.com/10up/embed-block-figma
  * Description:       Adds a Figma embed block to the WordPress Block Editor.
- * Version:           0.3.0
+ * Version:           0.3.1
  * Requires at least: 6.4
  * Requires PHP:      7.4
  * Author:            10up
@@ -21,7 +21,7 @@
 use function TenUpToolkit\set_dist_url_path;
 
 // Useful global constants.
-define( 'FIGMA_BLOCK_VERSION', '0.3.0' );
+define( 'FIGMA_BLOCK_VERSION', '0.3.1' );
 define( 'FIGMA_BLOCK_URL', plugin_dir_url( __FILE__ ) );
 define( 'FIGMA_BLOCK_PATH', plugin_dir_path( __FILE__ ) );
 define( 'FIGMA_BLOCK_INC', FIGMA_BLOCK_PATH . 'includes/' );
diff --git a/package-lock.json b/package-lock.json
index 3215789..d0fbb08 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "embed-block-figma",
-  "version": "0.3.0",
+  "version": "0.3.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "embed-block-figma",
-      "version": "0.3.0",
+      "version": "0.3.1",
       "license": "GPL-2.0-or-later",
       "devDependencies": {
         "10up-toolkit": "6.0.0",
diff --git a/package.json b/package.json
index 8422af7..2e6f2a0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "embed-block-figma",
-  "version": "0.3.0",
+  "version": "0.3.1",
   "description": "Adds a Figma embed block to the WordPress Block Editor.",
   "homepage": "https://github.com/10up/embed-block-figma",
   "license": "GPL-2.0-or-later",
diff --git a/readme.txt b/readme.txt
index 464427b..e212dbf 100644
--- a/readme.txt
+++ b/readme.txt
@@ -2,7 +2,7 @@
 Contributors:      10up, dkotter, jeffpaul
 Tags:              gutenberg, figma, embed, blocks, custom blocks
 Tested up to:      6.6
-Stable tag:        0.3.0
+Stable tag:        0.3.1
 License:           GPL-2.0-or-later
 License URI:       https://spdx.org/licenses/GPL-2.0-or-later.html
 
@@ -29,6 +29,10 @@ Assuming it's a valid URL, the block will automatically fetch the Figma file and
 
 == Changelog ==
 
+= 0.3.1 - 2024-09-05 =
+
+**Initial plugin release on WordPress.org 🎉**
+
 = 0.3.0 - 2024-08-29 =
 
 * **Added:** WordPress.org Playground preview (props [@thrijith](https://github.com/thrijith), [@dkotter](https://github.com/dkotter), [@jeffpaul](https://github.com/jeffpaul) via [#29](https://github.com/10up/embed-block-figma/pull/29)).