Looking at that PDS, the VI is 338. That's not a base oil, but rather is likely a cheap OCP with a high SSI. The flash point of 295°F is also concerning. While FP isn't a direct indicator of volatility, it can give you an idea as a liquid must first volatize before it can reach its FP. I personally see this as something that'll increase the oil's volatility and produce more deposits at worst, and do nothing at best.
Why is there such a fascination with "nano-" solid particles? It's outdated technology. The liquid friction modifiers already in engine oils produce lower friction coefficients and much lower concentrations so it's not going to improve upon that. It's like obsessing over increasing fuel economy with a carburetor in the age of GDI.
If there's any area of lubrication that is more obsessed with friction reduction, it's racing. If nano particles were so awesome, you'd see the oils used by NASCAR cup engines, NHRA Pro Stock, WOO Sprints, etc... loaded with them. Yet, you don't. Nowhere to be found. Note this is also a sector that couldn't care less about emissions control, oxidation, or fuel economy (not hwy cruising mpg at least) so that has no weight on their decision whether or not to use it.