After the formation of nanoparticles, ZnO nanoparticles are not transparent (in the liquid phase). But if your synthesized particles are unstable in nature, the particles will get precipitated and you will get transparent solution in upper layer.
ZnO nanoparticles are generally transparent, especially when they are synthesized with small particle sizes. However, the transparency of ZnO nanoparticles can be affected by factors such as particle size, shape, concentration, and surface coating. For example, ZnO nanoparticles with larger sizes and higher concentrations may exhibit decreased transparency and increased opacity. Additionally, the presence of surface coatings or impurities can also affect the optical properties of ZnO nanoparticles.