This mini review is limited to very recent studies (last 5-10 years) on two major issues, concerning: the production and physical/chemical modification of bacterial cellulose (BC), and its transformation into carbon and integrated synthesis of metal oxides (TiO, ZnO, FeO, etc.), metal sulfide (ZnS, CdS, etc.) and metal nanoparticles (Au, Ag, Pt, Pd, etc.) within bacterial cellulose nanoribbons network. We believe that the crossover of these two domains could be of considerable interest in the view of improving the performance of materials prepared with bacterial cellulose. The diversity of these nanomaterials allows targeting of many very different properties/applications: electrochemical devices, catalysis and photocatalysis, sensors, etc. After an introduction to the most important chemical and physical characteristics of BC, production parameters, and its physical and chemical modifications, we review the use of BC as a precursor of inorganic materials like carbon and composites with metal or inorganic nanoparticles.