That would be really cool. I don't know very much about WASM but this seems like a great excuse to learn.
Tips to notice is WASM runs inside a sandbox, which means threads, random numbers generator(not sure for WASI), FFIs, etc. have to be moved out of the core to prevent them being compiled to WASM, which would probably fail. For major part of the code, they can be compiled to WASM and WASI(WASM System Interface) very easily.