Let $r>2$ be an integer and let $K$ be a field in which $r!$ is invertible. An $r$-form over $K$ is an equivalence class of regular finite-dimensional $K$-multilinear forms of degree $r$. The operation of direct sums allows the definition of a Witt Grothendieck group of $r$-forms over $K$. It becomes a ring with the multiplication induced by the tensor product of $r$-forms. The properties of the Witt Grothendieck ring of $r$-forms for $r>2$ are quite different from the quadratic case. For example, we have unique sum decomposition, but no diagonalization, and there is an invariant commutative $K$-algebra called the center of an $r$-form, which in unknown to the theory of quadratic forms. We study invariants of $r$-forms. One way to obtain in...