"Funky" may evoke multiple colors associated with disco music. However, they are the only team so far that does not imply a specific color.
The members of Team FNKI are inspired by various internet memes.
Flynt is a reference to Flynt Coal, a running joke and fictional character created by the Achievement Hunters during their Let's Play Minecraft series. His name is derived from the Achievement Hunters repeatedly getting confused between the game items "Flint" and "Coal".
Neon is a reference to rave parties, as well as the internet sensation, Nyan Cat.
Kobalt wears black and blue and Ivori is clad in white and gold, referencing an infamous dress that was in the former color scheme but was perceived by some to be colored the other way.