Helium droplets provide a unique cold and inert synthesis environment for the formation of nanoparticles. Over the past decade, the method has evolved into a versatile tool, ready to be used for the creation of new nanomaterials. Species with different characteristics can be combined in a core@shell configuration, allowing for the formation of nanoparticles with tailored properties. The realm of structures that can be formed extends from clusters, comprising only a few atoms, to spherical sub-10 nm particles and nanowires with a length on the order of a few hundred nanometers. The formed nanoparticles can be deposited on any desired substrate under soft-landing conditions. This chapter is concerned with the formation of metal and metal oxide nanoparticles with helium droplets. The synthesis process is explained in detail, covering aspects that range from the doping of helium droplets to the behavior of deposited particles on a surface. Different metal particle systems are reviewed and methods for the creation of metal oxide particles are discussed. Selected experiments related to optical properties as well as the structure and stability of synthesized nanoparticles are presented.