All sorts of ways to get a result. Using the fuzzy tool.
1. Add Transparency Layer -> Transparency -> Add Alpha Channel
2. Select the fuzzy select tool, set the threshold to a small value 4 or 5 for this image.
3. Using the fuzzy tool options (add to selection) select inside the lettering. (you can go the other way and select back ground but I think this is better)
4. Grow the selection by a pixel or two Select -> Grow
5. Invert the selection Select -> Invert
6. Cut the selection. Select -> Cut
7. Improve the border choose a border colour, Edit -> Stroke selection use a small value 1 pixel. It will give a little bit more "anti-aliasing" for visual smoothness.
8. Turn selection off Selection -> None
Just about get that into 60 seconds for imgur video https://i.imgur.com/fyKTv7P.mp4
There are other, better ways, converting the logo to an SVG using ImageMagick program for example.
1. Add Transparency Layer -> Transparency -> Add Alpha Channel
2. Select the fuzzy select tool, set the threshold to a small value 4 or 5 for this image.
3. Using the fuzzy tool options (add to selection) select inside the lettering. (you can go the other way and select back ground but I think this is better)
4. Grow the selection by a pixel or two Select -> Grow
5. Invert the selection Select -> Invert
6. Cut the selection. Select -> Cut
7. Improve the border choose a border colour, Edit -> Stroke selection use a small value 1 pixel. It will give a little bit more "anti-aliasing" for visual smoothness.
8. Turn selection off Selection -> None
Just about get that into 60 seconds for imgur video https://i.imgur.com/fyKTv7P.mp4
There are other, better ways, converting the logo to an SVG using ImageMagick program for example.