Textures turn pink after playing multiplayer servers for a while and crashes your game when you join your own world.

Ok, so I have been having this issue for a while. I have been playing on the Hive Mini-Games Server, and after a while of playing it, the textures turned pink, slowly but surely and it is bothering me. I am thinking it is a texture fail, but when I exited the server and joined my own world, it crashes on me. Even when a player joins the world, it crashed on me. Please fix this bug.. and if you don't believe me, try it yourself on a PS4, and I am not sure about the other versions, but I was playing on PS4, so please try it here.