We have synthesized semiconductor and metal nanoparticles (NPs) in the constrained geometry of polymer microgels. We used electrostatically driven attraction between the ionic groups of the microgels and the precursor cations in the bulk liquid medium to introduce the cations in the interior of the microgel. In the second step, the cations in the microgel interior reacted with the anion (to obtain semiconductor NPs) or they were treated with a reducing agent (to obtain metal NPs). Good control over the size and the concentration of the NPs in the microgel particles was achieved by changing the composition of the corresponding microgel. The doped microgel spheres were heated at pH 4 above the volume-transition temperature of the polymer to expel the water from the microsphere interior; then the polymer was encapsulated with a hydrophobic polymeric shell. Hybrid core-shell particles were used as the building blocks of the nanostructured material with properties of a photonic crystal.