A guest@host POM@ZIF nanocomposite—PW11Co@ZIF-67—has been synthesized using an in situ strategy. This new nanocomposite exhibits (i) individually ZIF-67-cage-confined POM units, (ii) structural defects in the ZIF-67 host induced by the POM, and (iii) charge transfer from the ZIF-67 to the confined POM. In addition, it has served as a template to produce a set of derived samples by applying thermal treatment at various temperatures (200, 400, 500, 600, and 950 °C) under a N2 flow. We have used multiple characterization techniques, ICP-OES, CHNS analysis, XPS, ATR-IR, PXRD, Raman spectroscopy, N2/CO2 adsorption analysis, CV, and TEM/EDS, to fully assess the thermally-induced variation tendencies. The first two derivatives—D200 and D400—show the same nanoarrangement as the PW11Co@ZIF-67 precursor, although with incipient signs of both POM and ZIF-67 structural decompositions. The following samples—D500, D600, and D950—exhibit a carbonaceous nature consisting of C-embedded compositionally complex nanoparticles that involve Co and W present as diverse species, metallic/oxide/phosphate/phosphide. D500 presents the best intrinsic electrochemistry, probably due to the high proportion of pyridinic N moieties doping its C matrix combined with small-sized and highly dispersed Co-enriched nanoparticles. This study focuses on the need for a thorough physicochemical characterization of this class of highly nanostructured materials with a view to exploring their application in electrocatalysis.