He was active in authentic construction and recreation of historic folk instruments, and involved in the movement for authentic performаnce practice on Ukrainian folk instruments. Budnyk was also known as a painter and poet. He was chairman of the Kiev Kobzar Guild (Kobzarskyi Tsekh), bandura, known as a master player of folk musical instruments, and as an artist and poet.
Budnyk recreated 17 types of traditional folk instruments - among them different regional types of the kobza, bandura, lira, husli, hudok, torban, husli, hudok and other traditional Ukrainian musical instruments.
Together with ethnomusicologist Doctor M. J. Khai, Budnyk formally resurrected the Kobzarskyi Tsekh (Kobzar Guild), uniting like-minded intellectuals interested in the study and revival of authentic traditional music of the kobzars. Budnyk initially studied traditional kobzar performance from Heorhy Tkachenko from 1978, and initially made himself a traditional bandura.
He had a natural aptitude to authentic instrument construction and made banduras for many of Tkachenko"s students. He later made a number of other authentic Ukrainian folk instruments and also began to teach others how to make and play these instruments in an authentic manner.
The Kobzar guild he co-created revived traditional performance practices such as street-performance (busking) (Ukrainian: кобзарювання).
Much of the repertoire, such as the para-religious psalms and kants, which were previously suppressed in Soviet times as well as the epic form known as dumy were also reintroduced. Budnyk authored a textbook on making old-type banduras (Ukrainian: старосвітська бандура). After his death, his recordings were collected and released in the CDa Mykola Budnyk.
Hej, na Chornomu mori.
Project "My Ukraine. Bervy". (Hey, at the black sea), by Art-Veles
1980 - began to learn to play the bandura and the traditional kobza legacy with Heorhy Tkachenko with a small group of contemporaries: Volodymyr Kushpet, Victor Mishalow, Mykola Tovkaylo and others
He began producing old-type bandura, kobza and lira using traditional technology and methods. After Tkachenko"s death he took the leadership position of this movement.