Wasm is a move back to the flash days, though most developers nowadays probably weren't there to know why that sucked. Even 15 years later there still isn't a decent replacement for its main use case, it got sacrificed for the cause of the free and open web. Maybe the market for it disappeared with a certain early web culture. Most flash iconic content was probably created with pirated copies of Flash anyway.
Since I'm in the old person yells at cloud rant mood, I'll just continue on and rant at OSI as well. This project is yet another example of a project that would have been and should have been proper approved open source if OSI had not failed to get with the times and protect the open source community against the large cloud providers, the very same cloud providers that are their largest sponsors and donors.