We report the synthesis of various binary and ternary inorganic and hybrid organic-inorganic iodide nanocrystals starting from molecular iodine (I2). The procedure utilizes a reaction between I2 and oleylamine that yields oleylammonium iodide -the iodide precursor for a subsequent preparation of nanocrystals. The syntheses are facile, carried out under air, in vials heated on a hotplate and deliver nanocrystals with narrow size distributions and, in the case of red and near infrared-emitting lead-based perovskites, with 70-80% photoluminescence quantum yields. The The latter were used to fabricate red and infrared bright light-emitting diodes, with external quantum efficiencies (EQE) exceeding 3%.Metal halide nanocrystals (NCs) have gained increasing attention in past years. [1][2][3] Among these metal halide NCs, the halide perovskite (APbX3 with A = Cs + , methyl ammonium (MA) or formamidinium (FA), B = Pb 2+ or Sn 2+ and X = Cl -, Bror I -) NCs are by far the most studied ones, due to their excellent optical properties and their relatively simple synthesis methods. [1][2]4 The strong interest in these halide perovskite NCs has also motivated the development of synthesis approaches for other colloidal halide based NCs. This interest is mainly driven by the search for lead-free perovskite alternatives to the Pb-based ones for applications in photovoltaics and lighting. This has led for instance to reports on synthesis of ternary Cs2SnI6, Cs3Bi2X9 and Cs3Sb2X9 NCs, and quaternary Cs2AgBiX6 double perovskite NCs. [5][6][7][8][9] Another group of interesting new metal halide NCs emerging from the perovskite NC research are the Cs4PbX6 NCs, as well as simple cesium halide NCs. [10][11]