No. Anything you unlock in Invincible VS stays on your account permanently, including Ranked rewards. If you reached a rank or earned a seasonal reward, you can keep using it for as long as you play.
League Points (LP) are adjusted at the start of each season, but your unlocks are not. See When do Ranked seasons reset?.
Need more help? Submit a ticket and select Invincible VS as the game. Our team will get back to you as soon as possible.
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