This papercraft is The World, the eldritch beast Type-β, the fourth of the Four Heavenly Kings, in this case being a giant insect-like creature that was Goldman's true masterpiece, having had the time to mature and grow stronger, unlike the Emperor, who was released prematurely, based on the first-person, light gun arcade game series The House of the Dead, the paper model is created by 夜鹰HT.
He was hidden in the courtyard in front of the Goldman Building, emerging once the agents stopped the launch of the nuclear missiles. In addition, he had multiple forms, advancing to the next after each defeat. The World had mastery over ice, or cryokinesis, which also advanced through each form, like being able to create a giant ice hatchet and summon ice dragons.
Aside from being Goldman's ultimate creation, Type-β may actually be the strongest boss of all, being able to get back up again after being defeated twice. Ultimately, the World was finally destroyed only after James Taylor sacrificed himself by setting his PDA on self-destruct and throwing himself with it at the abomination as he was advancing into its third form. It is unknown if he has more than three forms, but it is likely that he would just have kept on reviving himself unless he was completely destroyed. [Source: wikia]
You can download this papercraft model template here: The House of the Dead - The World Free Papercraft Download [DropBox]