Source: NF
Credits: shouensuki
Verification: Confirmed

Konan is breathing faintly: "Why? You should be dead. No matter how often I tried it out, if I proceeded like this, I should have brought you down"
Madara: "Izanagi... The ability to change illusion into reality, in exchange for light. An Uchiha kinjutsu... The Uchiha and Senju... Only those who hold the power of both sides can use this dōjutsu!"
Konan: "Both the Senju and Uchiha...? That is the Rikudō's power. You have such power..."
Madara: "you're my former comrade. As a token of friendship, I'll teach you a bit about my techniques and my body. Izanagi is essentially what you said. A technique applying all things created by the Rikudō Sennin. originally, the Rikudō Sennin, the founder of both the Uchiha and Senju and possessing the blood and powers of both, made all things. Using the power of Yin Release (Inton), originating from the spiritual energy governing imagination, he created form out of nothing. With the power of Yang Release (Yōton), originating from the physical energy governing life, he blew life into those forms. The Bijū are also one of those... He used Yin-Yang Release (Onmyōton) to create every Bijū from the Ten-Tails' chakra. A technique that can embodies imagination and life. That is Izanagi."
Konan: "What kind of person are you?"

"I am Uchiha Madara who obtained Senju Hashirama's power" and "The second person to become Rikudō"
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Madara falls down into Konan's paper.
He holds his mask and tries to use his space-time [ninjutsu], but the exploding fuda among Kona's paper prevent Madara from doing so.

Konan: "it seems the space-time ninjutsu was a failure. It seems you cannot [teleport] anything other than what is directly besides you."
(if you want to teleport yourself, you have to materialise. it also goes slower than when you teleport something other than yourself)
Madara: "I have to stop teleporting. If i won't be able to slip through the explosion, things will be dangerous indeed."
(There are exploding fuda all around me... I can't carelessly teleport)
Konan: (Madara can slip through materials for a time period of approximately five minutes.)

The paper starts covering Madara
Konan: "In order to kill you, I prepared six hundred billion exploding fuda... They will continue to explode for ten minutes."
Inside the explosion.....
(Konan has a small flashback)
Madara: "I was the one who induced Yahiko to start Akatsuki and I was also the one who gave Nagato the Rinnegan."
Yahiko and Nagato moved on their own! They weren't just shōgi pieces! Even if they were like that, I will fight and die with this intention! That is why this will is tied together!! It will not be hindered!!
When the explosion ends, Konan sits down. The paper decoration in her hair crumbles.
Konan: (The Paper Person of God Technique is coming apart. I used more chakra then I expected up till now, but with this...)
"Madara is certainly—"

Madara from behind her: "—Dead?"

In a special place, Yahiko and Nagato rest among paper flowers.
The paper flowers decorating them crumble...
------
Madara: "To the world, Uchiha Madara lost to Senju Hashirama... but what is the truth? The victor is the person looking forward... The true victory and defeat come after this... The battle back then was to gain that person's power. I am Uchiha Madara, holding the power of Senju Hashirama. To become the second Rikudō, that is my sole existence now. There were a few others who displayed imperfect Izanagi because they couldn't control Hashirama's power, but..."

Konan goes away from Madara

Madara: "it looks like you're quietly going to Nagato. If you go there, you'll both regret it. That nonsense you got from Naruto isn't true peace or something like that! there is no hope or anything! Nagato believed in Naruto, merely to comfort his miserable self, is all."
Konan (! Impossible, I...) The rain turns into drizzle
Flashback:
Yahiko: Nagato is the man who will become the bridge to peace. My duty is to be the pillar that supports that bridge.
Nagato: The bridge to peace is he.. It is his will itself. My duty only goes up till here... Naruto... If it's you, really...

Madara: The ceaseless Amegakure rain is... What is this?

Konan stands up. "Yahiko! Nagato! Your will will not vanish! I too believe in Naruto! This time, he"
(the sky clears up and the sun appears together with a rainbow)
Konan: "He is the man who will become a bridge to peace!! And for that, I will become a pillar!!!"
(Thank you Nagato... Even when you're dead, you still give me hope!)
I am a blossom that is fine with falling! Here, you will...

Konan raises both her hands and her paper forms a circle.
Madara grabs Konan's neck. "you said I was darkness, right? In that case, i'll make you wither. And I'll make that rainbow bridge, sparkling in seven colours, disappear into darkness as well. The moment this genjutsu I cast ends, you will end as well. After you told me where the Rinnegan is, though..."

Konan loses conciousness.
Madara: "There...?'
Yahiko's and Nagato's corpses are in a place resembling a temple?
Madara sits next to Nagato. "You are the third Rikudō... [Holding] a power so strong, it was even able to turn your red hair, proof of your Uzumaki clan lineage, into white...
You turned traitor and yet you still smile...?"

Nagato smiles with the will for creating peace...