diff --git a/lbrynet/schema/Makefile b/lbrynet/schema/Makefile
index 461579cfe..4b6a28280 100644
--- a/lbrynet/schema/Makefile
+++ b/lbrynet/schema/Makefile
@@ -1,6 +1,9 @@
 build:
-	rm proto/* -rf
-	cd proto && protoc --python_out=. -I ../../../../types/proto/ ../../../../types/proto/*.proto
-	sed -e 's/^import\ \(.*\)_pb2\ /from . import\ \1_pb2\ /g' -i proto/*.py
-	touch proto/__init__.py
+	rm proto2/* proto3/* -rf
+	cd proto2 && protoc --python_out=. -I ../../../../types/proto/v1/ ../../../../types/proto/v1/*.proto
+	sed -e 's/^import\ \(.*\)_pb2\ /from . import\ \1_pb2\ /g' -i proto2/*.py
+	touch proto2/__init__.py
+	cd proto3 && protoc --python_out=. -I ../../../../types/proto/v2/ ../../../../types/proto/v2/*.proto
+	sed -e 's/^import\ \(.*\)_pb2\ /from . import\ \1_pb2\ /g' -i proto3/*.py
+	touch proto3/__init__.py