It's not about the whole microcontroller having less than 64kB of memory - it's that each WASM module has a minimum memory size of 64kB, regardless of how much it actually requires. Also, if you need 65kB of memory, you now have to reserve 2 pages, meaning your app now needs 128kB of memory!

We're working on WASM for embedded over at atym.io if you're interested.