Fan-Made Zelda: Majora's Mask Remake Project Releases Update Video
Artists Pablo Belmonte and Paco Martínez released this video in 2012 of the opening Majora's Mask remade in high-definition, but it looks the project was never meant to end at just that video. A new video, which you can see below, shows the pair's progress on rebuilding more of the game's assets and characters. the video also shows their attempts at translating their work into stereoscopic 3D, and you can even see some work being done with a 3DS.
It's unclear exactly what the end goal is here with Belmonte and Martínez's project. It's not being called a remake, but rather a project. Nintendo generally frowns upon these sorts of projects, so there is a good chance it may get shut down.
I reached out to Belmonte and Martínez to find out more and will update when I hear more information. For now, check out the video below.