WebAssembly (Wasm) is a low-level assembly-like language designed for modern web browsers, enabling the execution of high-performance applications compiled from languages like C, C++, Rust, and Go. It supports efficient code sharing between JavaScript and other languages and has gained widespread adoption in various applications, including TensorFlow, Unity, and Figma. The document discusses Wasm's advantages, usage contexts in 2021, and future proposals such as garbage collection and the WebAssembly System Interface (WASI).