Comparing WASM and JVM is like comparing a truck and a bus because they are relatively the same size, move at the same speed etc.
I mean sure you can load people in trucks and cargo into buses - and both have been done with JVM (eg. people built C compilers) and WASM (people are building GCed runtimes on top of it despite lack of GC support from platform).
Almost 30 years later nobody sane is running C on JVM and there were many attempts posted here over the years.
Similarly, many managed compiled languages don't depend on C.
Finally, cybersecurity legislation will speed those efforts.
Software development always goes in cycles. "Apps" were great now maybe not so much so...
In the late 80s/early 90s, the CEO of ETA Systems (a supercomputer company) had a vision that by 2000, the world would be split between supercomputers and workstations. I have seen some evidence that people are considerng that once again... The Circle of Dumb is always with us in software land.
All angel companies that do no evil.