The technology commonly used for creating 3D models includes software applications such as Blender, AutoCAD, and Maya. These tools enable designers to build detailed three-dimensional representations for various purposes, including gaming, animation, architecture, and industrial design. Features like sculpting, texturing, and rendering enhance the realism of models. The demand for 3D models has surged with the growth of virtual reality and gaming, making these technologies crucial for practitioners in the creative and technical fields.