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Yeah according to this

https://nintendo.wikia.com/wiki/Zelda_III

The actual Zelda 3 was in development for the NES then cancelled.

I think the Zelda 3 (NES) prototype is largely considered a hoax, as far as I can tell, but this page does reference a Zelda 3 for the SNES that was scrapped and some of its ideas were repurposed for Link to the Past.

https://zelda.gamepedia.com/Community:Zelda_III_Cartridge_Ho...

Ah yeah...I kinda took the picture with a grain of salt. I assumed even if it had existed it wouldn't have gotten that far. The link you posted makes more sense though.

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