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n the I-SPY 2 clinical trial.This article recaps a variety of interesting catalytic studies based on solubilized and freely movable noble metal nanoparticle catalysts employed for organic reactions in either pure water or water-organic biphasic systems. Small organic ligand-capped metal nanoparticles are fundamentally attractive materials due to their enormous potential as a well-defined system that can provide spatial control near active catalytic sites. The nanoparticle catalysts are first grouped based on the synthetic method (direct r