FearReaper9

Hm, I guess it all depends on how I'm feeling at the moment ( ͡° ͜ʖ ͡°)

Development started back in November-ish, as a game called Zelda Maker. One cease and desist letter later, back in January it was renamed Legend Maker, and that's when development started. That pretty much covers both questions.

Not to my knowledge, no. But, there will be texture mods, so you could do that.

We're hoping the game will be huge. Not just huge, but big enough for you to make your own full Zelda-esque overworld.

As for sharing things, currently we have the Sub-Reddit (and, when it becomes big enough, I plan on making a sub-Sub-Reddit I have that's not public open for sharing worlds/levels). Beyond that, there's also the Steam Workshop once the game is fully released.

That's just a goal, it's by no means representative of the actual money required to do that thing.