Unikraft makes it easier to convert applications into unikernels by allowing them to reuse existing libraries and be compiled for multiple platforms automatically. It provides a library pool and build toolchain that allows developers to create unikernels by adding three basic files. Support for Arm64 is being worked on, including boot code, device drivers, and virtual devices. However, Unikraft is still new and needs to improve library compatibility, support more platforms and hypervisors, and add features like profiling.