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Let $0 \in \Bbb{N}$ and define $\oplus : \Bbb{N}^2 \to \Bbb{N}$ to be $x\oplus y := 6xy + x + y$.

It is cancellative (associative / monoid law) since if $x\oplus y = 6xy + x + y = 6xz + x + z = x\oplus z \implies 6(x(y - z)) + y - z = (6x + 1)(y-z) = 0$ and $6x + 1 \neq 0$ or else $6 \mid 1$ which is absurd. And therefore $y = z$.

Therefore the Grothendieck group $Z$ of $N = (\Bbb{N}, \oplus)$ exists, is non-trivial and in fact embeds a copy of $N$ inside of it.

Therefore, we may work merely with $x \equiv (x,0) \in Z$ by a similar construction to this: Grothendieck group of the integers.

However, was wondering if we can work with the Grothendieck group in the usual algebra-like way, i.e. when we work in the rationals we work with fractions which are very familiar. So is there some more familiar way of working in this Grothendieck group?

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Not sure if this is what you are looking for, but note that $$6xy + x + y = \frac{1}{6} ((6x+1)(6y+1) - 1).$$ So if you do a change of variable $x' = 6x + 1$ and $y' = 6y + 1$, we have $$\frac{x' - 1}{6} \oplus \frac{y'-1}{6} = x \oplus y = 6xy + x + y = \frac{x'y' - 1}{6}.$$ So the situation is isomorphic the monoid $6\mathbb{N} + 1$ under usual multiplication, with identity 1. The Grothendieck group just consists of $\frac{x}{x'}$ for $x,x' \in 6\mathbb{N} + 1$.

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