Having messed with some WASM code, I would say that the byte code is NOT easy to write an interpreter for due to the (IMO insane) way blocks work. Blocks are nested but the start/end tags need to be matched up in order to determine where control flow goes - unlike jump instructions, the block tags don’t come with offsets built in. This means a fully-fledged interpreter needs to maintain a stack of blocks and (for efficiency) pre-scan each function to identify the block boundaries. That’s going to hurt performance a lot and take up valuable memory on a microcontroller.

A modified WASM with explicit jumps and less “magic” behavior would be great. Perhaps a transpiler could generate such a “interpreter-friendly” pseudo-WASM to be loaded on the microcontroller.

(FWIW, even though WASM supports static data blocks, it also has provisions for dynamic allocation, and most WASM programs over-allocate their static blocks to make room for a C stack. So, in practice, making WASM work for microcontrollers and static data would also mean new languages or compilers that are much more conservative with memory use.)