Prism is a browser developed by Mozilla that allows persistent web applications to run like desktop applications without needing to keep the browser open constantly. It provides quick access to frequently used web apps and close integration with the desktop. Prism leverages existing web technologies to deliver a traditional desktop experience for web apps. It aims to provide offline storage support and allow web apps access to hardware capabilities while maintaining web standards compliance. The future of Prism may include more desktop integration features and capabilities for web developers.