The name for crate is valid until another player spawns. Once they spawn, all player crates are updated with their information.
Example:
Badger 2-3 spawns. Crate says it belongs to Badger 2-3
IronMist spawns. Both Badger 2-3's crate AND Iron Mists crate will say it belongs to IronMist.
Third person joins, it'll be all 3 crates saying it belongs to them.
The name for crate is valid until another player spawns. Once they spawn, all player crates are updated with their information.
Example:
Badger 2-3 spawns. Crate says it belongs to Badger 2-3 IronMist spawns. Both Badger 2-3's crate AND Iron Mists crate will say it belongs to IronMist. Third person joins, it'll be all 3 crates saying it belongs to them.