While certain items and knowledge carry over to next playthrough, most interactions you have with characters and the world itself are reset with each revolution. Time is always of the essence - the 72 hours until the world ends is constantly ticking down, and you have to tie up any loose ends you have before using the Song of Time to travel back to the start of the cycle. Majora’s Mask’s core Groundhog Day-like conceit is a deep puzzle in and of itself.
The Legend of Zelda Majora’s Mask 3D Free Download Repacklab