This papercraft is Atoi, Iota's female counterpart and a playable character in the adventure video game Tearaway, the paper model was created by ikarusmedia. Atoi contains a special message within her envelope shaped head, and must deliver it.
Atoi is a small letter that falls into the Tearaway world at the beginning of the game. Pieces of paper then surround her, and become parts of her body. This is when she wakes up, and the adventure begins.
Atoi is able to run as fast as a Wendigo, and also walk on a glue path on a wall. She can carry and throw a ball, as well as jump small distances well and can ride Papercraft Pigs just like Iota. [Source: wikia]