A villain like Shigaraki would likely be interested in the power levels in the MCU fanfiction. He's always looking for ways to increase his own power, and seeing the various powerful artifacts and abilities in the MCU might give him some ideas. He could think about how he could use similar things in his own plans to take over the MHA world.
Izuku would probably be terrified at first. After all, he's been kidnapped by villains. But then, his hero - like determination would kick in. He might start looking for ways to escape or at least resist their plans.
For heroic - centric fanfictions, they would likely be disdainful. Since they oppose heroes, seeing stories that glorify heroes would annoy them. They might scoff at the idealized versions of heroes in those fanfictions.
It could be a variety of villains. Maybe some of the traditional Naruto villains like Orochimaru or Pain could be in the story and Naruto kills them. Or perhaps in this fanfiction crossover, there are new villains created that are a combination of Naruto - style threats and Justice League - type menaces. It's hard to say exactly without reading the fanfiction, but it would be interesting if it included some well - known Naruto baddies being taken out by Naruto in a new setting with the Justice League around.
Some MHA characters might be flattered. For example, Midoriya would probably be really excited and take it as a sign of how much he's inspired people. He might even look for positive lessons in the fanfiction to improve himself.
If the MHA characters were to react to a Mastermind fanfiction, some would be more accepting than others. Characters like Ochaco might find it really exciting. She's a fan of the heroes herself, so seeing different takes in fanfiction would be like getting a new perspective on the MHA world. However, characters like Shoto, who are more reserved, might be a bit hesitant. He might need some time to process what he's reading. But overall, it would be a very interesting scenario as it would show how the characters view different interpretations of their world.
Some characters would be shocked. For example, if the fanfiction had a really dark and unexpected Mastermind plot, like a hero turning out to be the mastermind of all the villains' plans, characters like Tsuyu would be very taken aback. She'd probably question the motives behind such a plot. Then there are characters like Denki. He might be more into it if it had some cool action scenes in the fanfiction, regardless of how out - of - the - blue the Mastermind storyline was. And Nejire would probably be super curious about the emotional depth of the characters in the fanfiction.
Lex Luthor could be a likely villain. He's always devising plans to take down the Justice League, and this time he might have come up with a scheme that almost succeeds, until Batman steps in. For instance, he could create a super - weapon that targets the unique powers of each Justice League member.
Darkseid is another possible villain. He is extremely powerful. He could send his minions to attack the Justice League first, weakening them, and then use some sort of magic or technology to trap them. Batman would then have to find a way to free the League from Darkseid's clutches, perhaps by finding a weakness in Darkseid's power source.
Well, one possibility is that Bakugou is initially frustrated with the hero society in the fanfic. Maybe he feels overlooked or misunderstood. The League of Villains could approach him, promising a place where he can use his power more freely without the restrictions of the hero rules. And he might be tempted by their offer, leading to his joining.