Luma AI's Imagine 3D V1.2 (Alpha) is a tool for creating high-detail 3D models, with examples ranging from sculptures to animals to food. The tool is still in an alpha stage, with features being added gradually for those on the waitlist. There is a focus on capturing high-quality textures and realism, as well as incorporating unique details to convey a sense of power or majesty. The tool is not marketed with any pricing information.