This sequence is easy to construct—and raises a great many questions.
The procedure is as follows: we start with 1/2, then divide this fraction by 3/4 to obtain the expression 1/23/4.\frac{1/2}{3/4}.
We then divide this expression by 5/67/8,\frac{5/6}{7/8}, which gives  1/23/4 5/67/8.\frac{\ \cfrac{1/2}{3/4}\ }{\cfrac{5/6}{7/8}}.
Continuing in the same way, and writing every fraction with a horizontal bar, we obtain this rather large expression for the next term:
   12 34  56 78   910 1112  1314 1516.\frac{\ \cfrac{\ \cfrac{\ \frac{1}{2}\ }{\frac{3}{4}}\ }{\cfrac{\ \frac{5}{6}\ }{\frac{7}{8}}}\ }{\cfrac{\ \cfrac{\ \frac{9}{10}\ }{\frac{11}{12}}\ }{\cfrac{\ \frac{13}{14}\ }{\frac{15}{16}}}}.