A detailed study of CdSe aerogels prepared by oxidative aggregation of primary nanoparticles (prepared at room temperature and high temperature conditions, >250 degrees C), followed by CO2 supercritical drying, is described. The resultant materials are mesoporous, with an interconnected network of colloidal nanoparticles, and exhibit BET surface areas up to 224 m2/g and BJH average pore diameters in the range of 16-32 nm. Powder X-ray diffraction studies indicate that these materials retain the crystal structure of the primary nanoparticles, with a slight increase in primary particle size upon gelation and aerogel formation. Optical band gap measurements and photoluminescence studies show that the as-prepared aerogels retain the quantum-confined optical properties of the nanoparticle building blocks despite being connected into a 3-D network. The specific optical characteristics of the aerogel can be further modified by surface ligand exchange at the wet-gel stage, without destroying the gel network.