This papercraft is Living Laser (Arthur Parks), a super-villain with the ability to change his corporeal body into living light, a fictional character that appears in comic books published by Marvel Comics, first appeared in Avengers #34, the paper model created by MTK.
Living Laser is an egomaniac wanting revenge on Iron Man who beaten him and desires to fry him into smoking ashes. He'll do anything to get his revenge on the Iron Avenger. He wears a special containment suit which may help him control his powers. It's mostly black with glowing yellow lines stretched all over it, some of which are in the shape of lightning bolts. The suit covers his entire body. He is never seen without the suit.
Living Laser was imprisoned in The Vault when the Breakout happened. He helped the villains get their weapons and suits back by cutting open the door to the armory. He then teamed up with Blizzard, Whiplash, and Crimson Dynamo to take down Iron Man but was stopped by Hawkeye. After Iron Man blew up the Vault, he survived the explosion and then escaped.
After the escape, he joined the Masters of Evil. Some time later, he was tasked by the Enchantress to defend one of the Norm Stones from Iron Man. He was defeated by Stark when he was been absorbed by his armor and blasted into space.
After Baron Zemo betrayed the Enchantress, Parks was assaulted by the Enchantress and Executioner. After the short battle, The Laser was frozen in his light form. He was discovered by The Avengers an hour later, then taken to 42 for imprisonment.