I'm not completely sure so don't flame me if I'm wrong, but I always thought Fado and Laruto were decendants of the old OoT sages. That's just what I always believed.

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“Mmm! Power lines and paint chips! My childhood rocks!”-Fighter

“Give me my hat back, you blasted theoretical space time model! I need that +3!”-Red Mage

“Let’s let bygones be—Amnesia Dust in the Face! Ha!”-Thief

“Remember kids, with great power come great opportunity to abuse that power.”-Black Mage