$im = imagecreatefrompng('./test.png');
$white = imagecolorallocate($im, 255, 255, 255);
imagecolortransparent($im, $white);
This code is fine for removing pure white from an image, but I what I want to do is convert all colors to alpha percentages. For example medium gray would be 50% transparent black. So an image that was medium gray would show the image behind it, if placed on top.
Is this possible using PHP or an extension?