This Wood Sprite vinyl figure is released by Funko in their POP! Movies x Pinocchio vinyl figure series.
Funko POP! is a crossover vinyl figure series by Funko and other famous franchises such as Disney, Pixar, DC Comics, Marvel Comics, Simpsons, South Park, Uglydoll, etc. Each POP! figure is about ~3" to ~5" tall and crafted in a Japanese anime/manga super-deformed style (NOTE: due to the unique design of each character, the actual size of the figures may be smaller or bigger than stated).
The POP! Movies x Pinocchio features characters from the 2022 stop-motion animated musical fantasy film that is loosely based on the 1883 Italian novel The Adventures of Pinocchio. It reimagines the story of Pinocchio, a wooden puppet who comes to life as the son of his carver Geppetto.