This is a Picasso Bug and it's a real animal.
Although the truly gorgeous Picasso Bug attains a roughly average size for an arthropod of its kind, it nonetheless remains a physically small insect. However, its numerous other attributes more than make up for any perceived lack of physical size. In this manner, the magnificent work of Nature aptly demonstrates the principal that size remains completely irrelevant to beauty. In addition, this marvelous insect also sets itself apart from the vast majority of related creatures for another reason.
That holds true due to the fact that, unlike a great many insects, the species does not display any degree of sexual dimorphism. This insect with the dazzling pattern also differs from beetles by its extended thorax. This forms a shield over its abdomen and wings.