This papercraft is a 3D 8-Bit Compass, a recurring item in The Legend of Zelda game series, the paper toy was created by Squeezycheesecake. There is one to be found in every dungeon. This device allows Link to see the locations of Treasure Chests, dungeon boss rooms, and his current location on the Dungeon Map. The Compass is usually shown on the map subscreen.
Compasses that appear in Link's Awakening, Oracle of Ages, and Oracle of Seasons make a chime noise upon the entering of a room that contains a Small Key, even if the key is hidden or does not appear until a goal is met. [Source: wikia]
About this zelda paper craft:
You can download this papercraft template here: The Legend of Zelda - 3D 8-Bit Compass Free Papercraft Download