Once Ganon wanted to hire Link to cook him some DINNER, but when Link brought light to Ganon's lair, he DIEd. Link respawned in Candy Mountain. What happened afterwards is quite unmentionable.
Link's whereabouts are currently unknown, though it is believed he is somewhere in Hyrule, loading his weapon.
He has a HUGE rivalry with the other incarnations of Link espacially Young Link and Toon Link. Some suggest that this rivalry started the Hyrulean Civil War.