This has been asked here but marked as answered and I don’t feel like the question was ever answered, or at least was not clear to me.
I don’t understand why the set consisting only of the element $\{0\}$ along with the usual $+$ and $×$ does not satisfy the criteria, since $0$ acts as both the additive and multiplicative identity.
That is, letting $G = \{0\}$, then
$∀ g ∈ G, 0+g = g$ and
$∀ g ∈ G, 0·g = g$ (Since $0·0 = 0$ )
Similarly, it is both its own additive and multiplicative inverse. What is the problem at only the field level, without wishing it satisfy some additional properties for category theory or algebraic/arithmetic geometry?