I just finished a quick play match, during the match my weapons became transparent and so did the players on both teams. I captured a portion of the video on my console just in case you would like to observe the video.
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I've had this problem repeatedly since the patch on Tuesday. I'll save and upload a video soon. Matches start out normal then it gets progressively worse as the match goes on, with both enemies and teammates becoming invisible, and eventually my own character / weapon / reticle. It's very frustrating.