Am I the only one that reads "Watcom assembler" when I see WASM? :) In any case, it's pretty insane what they do now but I sort of fail to see how W(eb) assemb

Am I the only one that reads "Watcom assembler" when I see WASM? :) In any case, it's pretty insane what they do now but I sort of fail to see how W(eb) assembly is different from let's say a Java applet? It is not native code is it?