how do I prevent my reference images from graying out when I’m editing my component?
Import the image as an image, not as a texture. Or if you imported it as an image, don’t explode it. If you do, it becomes a texture.
Here’s an image imported as an image and a component open for editing.
Or you could use the image as a Watermark. Insert from the Styles panel in Edit mode
Here’s an example
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