Too Long; Didn't Read
Over the last couple of years, we've made massive progress towards building the necessary tooling to run Wasm in cloud native applications. The community learned a great deal from these early experiences, and this influenced us to create a new standard which we now call the Component Model. The Component Model is at a lower-level than WASI, it works well with WASI but is not dependent upon WASI. This is the result of us envisioning a software ecosystem that is not just based around a portable unit of compute, but something entirely new with composable, interoperable, and platform virtualizable WebAssembly modules.