But it's not a regular cap or even a beret: the Phryges (pronounced free-jee-us) has a long history with the host nation and is a French symbol of freedom.
The odd-looking red hat is one of the more unique choices of mascots, with most host countries choosing caricature versions of native animals.
"Rather than an animal, our mascots represent an ideal," Paris 2024 president Tony Estanguet said when the mascot was first revealed in 2022.
"Since it is familiar to us and appears on our stamps and the pediments of our town halls, it also represents French identity and spirit."
The iconic platypus named Syd, kookaburra named Olly and echidna named Millie played an important part in portraying Australia's identity at the Sydney 2000 Olympic Games.
What is the significance of France's mascot?
"The Phryges are based on an item of clothing that is a symbol of freedom and has been a part of French history for centuries, dating back to ancient times," the International Olympic Committee (IOC) said on its website.
It was featured on some flags in Latin America before it became a symbol of liberty in the French Revolution.
It's been a staple in history ever since.
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"The French National Archives show records of Phrygian caps worn during the construction of Paris' Notre-Dame cathedral in 1163, during the Revolution of 1789, during work to build the Eiffel Tower, and during the Paris 1924 Olympic Games," the IOC said.
There is an Olympic Phryge and a Paralympic Phryge, which has a prosthetic leg.
As a group, they are referred to as the Phrygian tribe.
Michael Jeremiasz, gold medalist in wheelchair tennis at the 2008 Beijing Paralympics, said at the unveiling of the prosthesis feature sends an inclusive message to disabled people around the world.
"That's the key for us, because we suffer from being invisible in society," he said.
"We have to use Paris 2024 as a powerful tool to change our rights."
Paris 2024 proclaims the Phryges mission is to "lead a revolution in sport".
The cartoonish hats are the French colours of red, blue and white, with ribbon cockades, a common ornament in France.
The Olympic Phryge's motto is: "Always thoughtful and an astute strategist, she embarks on adventures only after carefully weighing up all the pros and cons.
"Just like the Olympic athletes, she knows the importance of measuring all the various parameters to achieve her goals.
"With her sharp mind, she is modest and prefers to hide her emotions.
"The Olympic Phryge will lead the movement of all those who take part in sport, and believe us, she will give her all to get France moving."
The first host nation to introduce an Olympic mascot was at 1968 Grenoble Winter Games, with the host nation represented by Schuss, a skier.
The Paris 2024 Olympic Games begin on July 26 and the Paralympics on August 28.
