Actually, this is awesome! I love how you went about his design, he actually (finally) looks kinda adorable! Haha I like this style, maybe I could suggest doing something with the other LoZ characters like this? I'd love to see the outcome!
I was actually thinking of making this into a series of sorts, although I'm not sure how I would go about everyone else's design- especially Link and Zelda's because their outfits are usually so linear and iconic.
Link
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Love the simplicity of this design. Very well done and infinitely adorable in it's cartoonish way.