Technical overview of the invention and manufacture of paper boats in this chapter: https://www.ibiblio.org/eldritch/nhb/paperc/c05.html
I guess that they were a sort of intermediate technology between wooden canoes and fiberglass?
Quick Google says that the lightest modern canoes are made of carbon fiber and weigh as little as 20 pounds.
I was reminded of this children's book, https://en.wikipedia.org/wiki/Paddle-to-the-Sea
I have not thought of it for many many years.