This document discusses nanotechnology and nanomaterials. It summarizes that nanotechnology involves controlling matter on an atomic and molecular scale. Nanofluids are suspensions of nanometer-sized particles in a base liquid that exhibit special properties relative to bulk materials like high thermal conductivity. Nanofluids are characterized using techniques like electron microscopy and dynamic light scattering. Common fabrication methods for nanofluids include attrition, pyrolysis, and inert gas aggregation. Nanofluids show promise for applications in industries like electronics and healthcare but also have safety and characterization challenges that require further development.