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I feel like a WASM-native JVM runtime would make more sense these days

There is TeaVM for whatever it’s worth.

JavaScript and WASM really seem more portable. They have now approximated what Java web applets tried to achieve. And now WASM can be run in Mainframe IBM JVMs. Nashorn or Rhino seems like it runs JavaScript there.

JavaScript and WASM are now getting close to COBOL's importance. That’s no mean feat.

fun fact: there is an ongoing effort to bring Wasm to Rhino via Chicory

https://github.com/mozilla/rhino/discussions/1485

There are a few! But also there is lots of Java software out there and Wasm is a great way to extend it and bring new functionality.

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